Author: Saurabh Bihani

India: Trade-level HRC prices fall by up to INR 500/t ($6/t) w-o-w in subdued market

Nov 13, 2024

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by

Saurabh Bihani

in HRC

Buyers unwilling to accept higher prices Inventory levels reduce but buyers cautious Hot-rolled coil (HRC) prices fell by up to INR 500/tonne (t) ($6/t) this week to INR 48,000-50,300/t ($569-596/t), amid subdued market activity amid limited demand. Also, cold-rolled coil (CRC) prices also fell by up to INR 700/t ($8/t) to maintain a range of…