Author: Saurabh Bihani
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India: Trade-level HRC offers remain range-bound; Mumbai bucks trend with price hike
Major plant reportedly shut for maintenance Auto, manufacturing demand remains slack Hot-rolled coil (HRC) prices across India remained range-bound w-o-w at INR 46,800-49,000/tonne (t). Conversely, cold-rolled coil (CRC) prices witnessed mixed trends w-o-w, settling at INR 53,100-56,000/t ($617-671/t) across markets. BigMint’s benchmark assessments (bi-weekly) for HRCs (IS2062, Gr E250, 2.5-8 mm/CTL), however, increased by INR…