Author: Shruti Tripathi
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India: Trade-level HRC prices rise on mill hikes and safeguard duty support
Safeguard duties boost HRC price surge Restocking fuels mid-Jan hike anticipation Trade-level prices of hot-rolled coils (HRCs) in India increased w-o-w to INR 49,000-51,600/t ($543-572/t). Additionally, cold-rolled coil (CRC) prices showed uptick w-o-w, ranging between INR 53,500-58,700 ($593-651/t). BigMint’s benchmark assessment (bi-weekly) for HRCs (IS2062, Gr E250, 2.5-8 mm/CTL) rose sharply by INR 1,200/t ($13/t)…