Author: Pratibha Bajaj
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Government’s intervention likely to put pressure on surging steel prices
India’s domestic Hot Rolled Coil (HRC) prices have fallen further this week on sluggish demand and limited trade activities happening in local market. Meanwhile, government initiatives to scrutinize the steep price hike along with a fall in iron ore prices has led to slump in trade prices. SteelMint’s benchmark for 2.5mm thickness HRC stands at…