Author: Shruti Tripathi
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India: Trade-level HRC prices show mixed trends w-o-w amid cautious market sentiments
Benchmark HRC prices down INR300/t w-o-w Uptrend in Chinese prices to boost domestic market Trade-level prices of hot-rolled coils (HRCs) in India showed mix-trends w-o-w as some markets reported a rise of around INR 200-1000/tonne (t) w-o-w, while some others witnessed a drop of around INR 100-300/t to INR 48,800-50,600/t ($565-586/t). Moreover, cold-rolled coil (CRC)…