Author: Pratibha Bajaj
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India: Restocking lifts domestic HRC price ahead mills’ hike announcement for Dec
Domestic HRC & CRC prices in India’s trade segment have increased by INR 500-1000/t w-o-w on the back of an anticipated hike by Indian steel mills next month. If trade sources are to be believed, mills are likely to announce a price hike of around INR 1,000-2,000/t ($14-27) for Dec’20. In the month of Nov’20,…