Author: shreyansh
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India: HRC prices remain rangebound w-o-w; firm mill pricing limits downside
Market sees balanced supply-demand, not significant oversupply Premium coking coal prices drop, to support steel mill margins India’s hot-rolled coil (HRC) prices remained largely rangebound during the week ended 28 July, as balanced domestic market conditions and firm mill pricing offset cautious downstream sentiment. Procurement activity remained largely need-based, with buyers awaiting greater clarity on…