- HRC, CRC prices dip on weak demand
- Post-festive lull keeps trading subdued
Trade-level prices of hot-rolled coils (HRCs) in India showed a downtrend w-o-w to reach INR 46,700 -49,000/tonnes ($529-556/t). Additionally, cold-rolled coil (CRC) prices fell w-o-w, with prices ranging between INR 52,500 -57,200/t ($595-648/t).
BigMint’s benchmark assessment (bi-weekly) for HRCs (IS2062, Gr E250, 2.5-8 mm/CTL) decreased by INR 300/t ($3/t) to INR 47,400/t ($538/t) on 28 October against INR 47,700/t ($541/t) on 17 October 2025. Similarly, CRC (IS513, Gr O, 0.9 mm/CTL) prices dropped by INR 300/t ($3/t) on 28 October to INR 55,000/t ($624/t) against INR 55,300/t ($627/t) as on 17 October. These prices are ex-Mumbai for the distributor-to-dealer segment and exclude 18% GST.
Market updates
Slow trading defines post-festive mood: Domestic HRC prices have edged slightly lower, while overall demand stays subdued amid limited trading interest. A source informed Bigmint, “Market participation remains thin as post-festive sentiment is still soft, with many participants yet to return fully to active trading”, resulting in a slow and quiet market mood.
Import volumes: India’s bulk imports of HRCs touched 343,891 t as of 25 October, based on vessel line-up data. Around 114,310 t of additional cargoes are expected by early-November.
Export volumes: India’s bulk exports of HRCs touched 291,034 t as of 25 October and around 35,000 t of additional cargo is in transit.
Outlook
The HRC market post-festivities remains muted, as participants are largely in a wait-and-watch mode. Moreover, the upcoming monthly price revisions are expected to guide sentiment and set the trajectory for the domestic market.
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