Category: HR Plate
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India: HR plate trade prices up INR 1,000/t despite weak demand
Trade-level prices of hot-rolled (HR) plates increased by around INR 1,000/tonne (t) ($14/t) in the Mumbai market at the beginning of August on the back of supply constraints in the domestic market despite weak demand. “Traders have moved to the side-lines by deferring procurements in expectation of a correction in HR plate prices in the…