Category: HRC
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India: HRC price uptick narrows domestic-import spread amid geopolitical headwinds
Domestic-import HRC price gap around INR 3,000/t from non-FTA countries Offers from FTA countries align closely with domestic price levels India’s hot-rolled coil (HRC) market is seeing a notable price gap with imports despite the sustained rise in prices, with domestic rates lower by about INR 3,000/t ($32/t) compared to imports as of 31 March…