Author: Shruti Tripathi
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India: Trade-level HRC prices fall amid soft market sentiments
Soft sentiments push HRC prices lower Buyers delay purchases amid uncertainty Trade-level prices of hot-rolled coils (HRCs) in India showed down-trend in the week beginning 24 Nov. HRC prices stood at between INR 46,000-48,100/tonne (t) ($516-539/t) across regions. Cold-rolled coil (CRC) prices ranged between INR 51,300-56,000/t ($575-628/t). BigMint’s benchmark assessment (bi-weekly) for HRCs (IS2062, Gr…