Author: Shruti Tripathi
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India: Trade-level HRC prices stay stable w-o-w amid sluggish demand, festive slowdown
HRC prices hold firm, CRC sees marginal decline Sluggish demand, festive lull keep market rangebound Trade-level prices of hot-rolled coils (HRCs) in India stayed firm w-o-w at INR 48,000-50,200/t ($541-566/t). However, cold-rolled coil (CRC) prices showed a slight downtrend w-o-w, with prices ranging between INR 54,000-58,300/t ($609-657/t). BigMint’s benchmark assessment (bi-weekly) for HRCs (IS2062, Gr…