Category: HRC

Limited material arrivals from mills lead to supply-demand balance Trade remains need-based on cautious sentiment among buyers Trade-level prices of hot-rolled coils (HRCs) in India surged w-o-w on 23 December to INR 47,500-49,900/tonne (t) ($530-557/t). Additionally, cold-rolled coil (CRC) prices rose sharply w-o-w to INR 55,100-57,000/t ($578-636/t). BigMint’s benchmark assessment (bi-weekly) for HRCs (IS2062, Gr…