Domestic HR plate prices remain unchanged this week with increased enquiries alongside a slight improvement in market sentiment, but conversion into sales remained low. SteelMint’s assessment for HR plate (E250, 5-10mm) stands at INR 63,500-64,500/t ($854-861/t) exy-Mumbai. Prices exclude GST at 18%.
Chinese heavy plate offers widened to $770-790/t FOB from $775-785/t FOB a week back amid slow overseas trade activities.
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