Author: Shruti Tripathi
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India: Trade-level HRC prices soften as market sentiment remains weak
HRC, CRC prices dip on weak demand Post-festive lull keeps trading subdued Trade-level prices of hot-rolled coils (HRCs) in India showed a downtrend w-o-w to reach INR 46,700 -49,000/tonnes ($529-556/t). Additionally, cold-rolled coil (CRC) prices fell w-o-w, with prices ranging between INR 52,500 -57,200/t ($595-648/t). BigMint’s benchmark assessment (bi-weekly) for HRCs (IS2062, Gr E250, 2.5-8…