Author: Shruti Tripathi
-
India: Trade-level HRC prices remain stable w-o-w; market awaits mill’s revised rates
Sluggish demand limits significant price movements Market participants stay wary amid price uncertainty Trade-level prices of hot-rolled coils (HRCs) in India remained range-bound w-o-w at INR 49,000-51,000/tonne (t) ($556-579/t). Similarly, cold-rolled coil (CRC) prices held steady w-o-w, ranging within INR 55,300-59,000/t ($627-669/t). BigMint’s benchmark assessment (bi-weekly) for HRCs (IS2062, Gr E250, 2.5-8 mm/CTL) fell by…