India’s domestic HRC and CRC trade activities have continued their upward momentum this week too. Market participants highlighted that owing to resumption of buying inquiries from last week onwards prices have remained firm. However in few markets like Faridabad etc prices have moved up this week by INR 500/MT.
Current trade reference prices for HRC (IS2062) 2.5 mm-8 mm is around INR 45,500/MT (ex-Mumbai),INR 45,000-45,200/MT(ex-Delhi) and INR 45,500-46,000/MT(ex-Chennai).The prices mentioned above are basic prices excluding GST @ 18% on cash payment basis.
Currently trade reference prices for CRC (IS513) 0.9mm is hovering in the range of INR 50,000/MT (ex-Mumbai),INR 49,500-51,500/MT (ex-Delhi) and INR 50,500-51,000/MT (ex-Chennai).The prices mentioned above are basic prices excluding GST@18% on cash payment basis.
Indian plate prices also move up domestic market- Currently trade reference prices for plates (IS2062 5-10 mm) are hovering in the range of INR 45,000-45,500/MT(ex-Mumbai) and INR 45,000-45,700/MT (ex-Delhi).The prices mentioned above are basic prices excluding GST @ 18%.
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