Author: Nishtha Mukherjee

The hot rolled coil (HRC) and cold rolled coil (CRC) spread has dropped to more than two-year lows of around INR 5,000/tonne ($67). The last time it hovered in this range was in Jul’19. In fact, this trend had sustained for more than a year over Jul’19-Aug’20. Then began a volatile upward climb that peaked…