Author: Saurabh Bihani

Trade-level hot-rolled coil (HRC) prices continued their downtrend this week, amid an unstable market characterised by a noticeable drop in demand. HRC prices stood at INR 47,000-51,000/tonne (t) ($563-611/t), having declined by INR 1,000/t ($12/t) across various trade markets. Similarly, cold-rolled coil (CRC) prices also decreased by INR 1,000/t ($12/t), maintaining a range of INR…