An integrated steelmaker- AM/NS India has lowered its list prices of HRC and CRC for Mar ’21 deliveries. The mill corrected HRC prices by around INR 1,600/t and current offers stand at INR 54,000-54,500/t. Meanwhile, CRC prices have come down by INR 2,250/t and stood at INR 64,000-64,500/t. Prices are on exy-Mumbai basis, excluding GST @ 18%. Subdued demand and bearish sentiments in the domestic trade market has resulted to sharp correction in prices.
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