Author: Saurabh Bihani
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India: Trade-level HRC prices remain rangebound ahead of upcoming holidays
Hot-rolled coil (HRC) prices have remained rangebound, establishing a range between INR 50,200-52,800/t ($599-630/t). Cold-rolled (CR) coil prices exhibited a degree of stability, maintaining a range of INR 57,700-61,500/t ($688-733/t) across markets. BigMint’s bi-weekly benchmark evaluation for HRC (2.5-8mm, IS2062, Gr E250 Br) ex-Mumbai declined by INR 100/t ($1/t) to INR 50,300/t ($600/t) as of…