Author: Shruti Tripathi
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India: Trade-level HRC prices remain range-bound w-o-w amid monsoon, festive slowdown
Labour shortages emerge, delaying restocking Ample supply reduces urgency for fresh purchases Trade-level prices of hot-rolled coils (HRCs) in India remained range-bound w-o-w at INR 49,000-51,000/tonne (t) ($560-582/t). Similarly, cold-rolled coil (CRC) prices held steady w-o-w, ranging within INR 55,300-59,000/t ($631-673/t). The monsoon and key festive holidays impacted trade activity. BigMint’s benchmark assessment (bi-weekly) for…