Author: Saurabh Bihani

Talk of potential safeguard duty prompts price hike Weak demand may keep trade tags range-bound Indian tier-I steel mills have officially announced an increase of INR 1,000-1,500/t ($6-18/t) in list prices of hot-rolled coils (HRCs) and cold-rolled coils (CRCs) for January 2025 sales against end-December 2024 levels. This upward adjustment is primarily driven by speculation…