Author: Saurabh Bihani
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India: PSUs cut HRC, CRC prices; private mills may follow suit
Major public sector units (PSUs) have reduced the list prices of hot rolled coils (HRCs) and cold rolled coils (CRCs) by approximately INR 1,000-2,000/tonne (t) ($12-24/t) m-o-m, effective 1 September 2024. Sources suggest that some prominent private mills might also lower their prices by INR 1,000-1,500/t or maintain current prices; however, confirmation from these mills…