Author: Shruti Tripathi
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India: HRC prices remain stable amid subdued demand and cautious market sentiment
Trading activity remains muted across markets Wait-and-watch approach dominates trader sentiment Trade-level prices of hot-rolled coils (HRC) in India remained stable this week, with HRC prices assessed in the range of INR 56,500–59,300/t ($585-614/t) and cold-rolled coil (CRC) prices assessed at INR 61,000–68,000/t ($631-704/t), as sluggish demand and cautious market sentiment continued to weigh on…