Category: HR Plate
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Indian HR-plate trade price gains in anticipation of price hike in May ’21
This week’s domestic HR-plate price witnessed a steep increase in the traders’ market by around INR 1,000-1,500/t in anticipation of a hike to be announced by major mills in the first week of May ’21. SteelMint’s benchmark assessment for the HR-plate (IS 2062/E350) for 5-10mm stands at INR 64,000-64,500/t (exy-Mumbai). Last week, the price stood…