Author: Shruti Tripathi
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India: Trade-level HRC prices hold steady as monsoon weighs on activity
HRC prices stable amid monsoon slowdown Safeguard, AD duties likely to support domestic prices Trade-level prices of hot-rolled coils (HRCs) in India remained range-bound w-o-w to INR 49,500-51,200/t ($568-588/t). Moreover, cold-rolled coil (CRC) prices stayed stable w-o-w, ranging INR 55,200-59,100/t ($634-679/t). BigMint’s benchmark assessment (bi-weekly) for HRCs (IS2062, Gr E250, 2.5-8 mm/CTL) held stable w-o-w…