India: HR strip prices rally d-o-d in key markets

HR strip (patra) prices rose drastically by INR 5,200 ($63/t) d-o-d in Raipur while prices spiked by INR 3,300 ($40/t) in Mandi Gobindgarh today. Current base grade patra (148-200mm, 2mm thick) prices stand at INR 49,200/t ($603/t) exw-Raipur and INR 47,700/t ($585/t) exw-Mandi. Prices are excluding GST at 18%.

On w-o-w basis, prices fell by INR 1,500/t ($18/t) in Raipur and by INR 1,800/t ($22/t) in Mandi.


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