Author: Shruti Tripathi
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India: Trade-level HRC prices fall w-o-w; market waits for mills’ price announcements
Buying limited, distributors focus on steady sales amid holidays Festive holidays such as Durga Puja weigh on trade activity Trade-level prices of hot-rolled coils (HRCs) in India fell w-o-w to INR 47,400-50,000/tonne (t) ($534-563/t). Additionally, cold-rolled coil (CRC) prices showed a slight downtrend w-o-w, with prices ranging between INR 54,000-58,300/t ($608-656/t). BigMint’s benchmark assessment (bi-weekly)…