Category: CRC
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India: HRC trade prices edge down amid declining sales
Hot-rolled coil (HRC) prices remained rangebound, establishing a range between INR 52,400 and INR 56,500/t ($628-677/t). Cold-rolled (CR) coil prices exhibited a degree of stability, maintaining a range of INR 58,000-63,400/t ($699-760/t) across markets. The current traders’ market reflects a state of panic with decline in sales. BigMint’s benchmark assessment (bi-weekly) for HRC (2.5-8mm, IS2062,…