Author: Saurabh Bihani
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India: Trade level HRC prices remain range-bound amid limited trade
Hot-rolled coil (HRC) prices remained stable, establishing a range between INR 52,900-56,600/t ($635-679/t). Also, cold-rolled (CR) coil prices exhibited a degree of stability, maintaining a range of INR 58,300-63,500/t ($699-762/t) across various markets. The current state of the trade market reflects persistent sluggishness in trading activity, as sales have dropped significantly. BigMint’s benchmark assessment (bi-weekly)…