Author: Kalpesh Padhiar
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India: Slow demand recovery post-festivities keeps trade-level HRC prices under pressure
Trade-level prices of Indian hot rolled coils (HRCs) continued to slide down in most of the markets barring Mumbai, as per the assessment on 9 November, 2022. Slow activties in the domestic market, weaker global sentiments and the pressing issue of reduced export volumes since the levy of the 15% export duty in end-May 2022…