Author: Saurabh Bihani

India: Trade level HRC market under pressure from imports, limited demand

Jul 25, 2024

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by

Saurabh Bihani

in HRC

Hot-rolled coil (HRC) prices experienced a decline of up to INR 600/t ($7/t), settling within a range of INR 51,000-INR 54,400/t ($609-650/t). The Chennai market witnessed a more pronounced decrease of INR 2,200/t ($26/t), with prices ranging from INR 52,000-53,500/t ($621-639/t). Cold-rolled coil (CRC) prices also followed a downward trajectory, dropping by up to INR…