Category: HR Plate
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India: HR plate trade prices down by INR 3,000/t on sluggish demand
The trade level prices of hot-rolled (HR) plates declined steeply by around INR 3,000/t ($39/t) in the key Indian markets this week on the back of sluggish demand and need-based procurement by end-user industries as mills keep prices elevated. SteelMint’s assessment for HR-plates (E250, 5-10mm) decreased by INR 3,000/t ($39/t) to INR 72,000-73,000t ($942-955/t) exy-Mumbai.…