Author: Nishtha Mukherjee
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Indian HRC-CRC spread narrows to 9-month low
The price spread between Indian benchmark hot rolled coils (HRCs) and cold rolled coils (CRCs) has hit a nine-month low of INR 8,000/tonne (t) ($ 108) on Sept 21. The last time the spread had hovered at this level was in Dec’20, at around INR 8,850/t ($ 119). The spread had widened to a record…