Author: Saurabh Bihani

Construction demand slows down due to monsoon Buyers hold off on purchases, expecting price drops Trade-level prices of India’s hot-rolled coils (HRCs) fell by up to INR 500/tonne (t) ($6/t) w-o-w to INR 51,100-52,800/t ($596-616/t) across markets. Cold-rolled coil (CRC) prices showed a mixed trend w-o-w at INR 56,500-61,500/t ($659-718/t). BigMint’s benchmark assessment (bi-weekly) for…