Author: Shruti Tripathi
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India: Trade-level HRC prices fall by up to INR 500/t w-o-w on weak seasonal demand
Benchmark Mumbai HRC prices drop INR 700/t Prices may drop further by month-end Trade-level prices of hot-rolled coils (HRCs) in India declined by up to INR 500/tonne (t) w-o-w to INR 49,200-51,400/t ($574-599/t) across markets. Moreover, cold-rolled coil (CRC) prices dropped by INR 800/t w-o-w to INR 55,000-59,500/t ($641-694/t). BigMint’s benchmark assessment (bi-weekly) for HRCs…