Author: Shruti Tripathi
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India: Trade-level HRC prices fall by up to INR 800/t w-o-w on weak seasonal demand
Sellers ramp up efforts to clear inventories Domestic vehicle sales fall 6% m-o-m in Jun Trade-level prices of hot-rolled coils (HRCs) in India declined by up to INR 800/tonne (t) w-o-w to INR 48,800-50,600/t ($565-586/t) across markets, amid weak seasonal demand. Moreover, cold-rolled coil (CRC) prices dropped by INR 500/t w-o-w to INR 54,500-59,000/t ($631-683/t).…