Author: Saurabh Bihani
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India: Trade level HRC prices decline amid influx of imports
Hot-rolled coil (HRC) prices declined by INR 200-800/t, establishing a range between INR 52,900-55,500/t ($634-665/t). Conversely, cold-rolled (CR) coil prices exhibited a degree of stability, maintaining a range of INR 57,500-63,400/t ($689-759/t) across various markets. Even the price decline by mills was unable to lift mood of the market. BigMint’s benchmark assessment (bi-weekly) for HRC…