Author: Saurabh Bihani
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India: Trade-level HRC prices remain stable amid increasing inventory
Hot-rolled (HR) coil prices at the trade level held steady across assessed markets, while cold-rolled (CR) prices remained range-bound. Overall trading activity remains sluggish, as cautious market participants predominantly prioritize immediate needs through lower-priced purchases. BigMint’s benchmark assessment (bi-weekly) for HRC (IS2062, Gr E250, 2.5-8mm) prices edged down by INR100/t ($1/t) at INR 54,000/t ($649/t)…