Trade-level prices of hot-rolled coils (HRCs) in India remained range-bound w-o-w at INR 49,200-51,200/t ($562-584/t). However, cold-rolled coil (CRC) prices showed mixed trends w-o-w, ranging between INR 55,100-59,100/t ($629-675/t).
BigMint’s benchmark assessment (bi-weekly) for HRCs (IS2062, Gr E250, 2.5-8 mm/CTL) held stable w-o-w to INR 50,200/t ($573/t) on 8 August 2025. Similarly, on the other hand, CRC (IS513, Gr O, 0.9 mm/CTL) prices held stable w-o-w at INR 57,000/t ($651/t) on Friday. These prices are ex-Mumbai for the distributor-to-dealer segment and exclude 18% GST.
Market updates
Indian HRC market showed firm demand: The HRC market continues to see healthy demand, with prices remaining stable. ”Moreover, buying interest is expected to stay firm until mid-August, ahead of holiday break. Additionally, there is no supply shortage, with adequate material availability in the market”, sources informed Bigmint.
While buying interest is healthy at present, participants are closely watching for any shifts in price directions once activity resumes after holidays.
Import volumes: India’s bulk imports of HRCs touched 111,748 t as of 7 August, based on vessel line-up data. Around 261,045 t of additional cargo are expected by late-August. Additionally, India’s bulk HRC import volumes stood at 484,879 t in July 2025, a surge of 50% against 322,329 t in June 2025.
Export volumes: Moreover, on a m-o-m basis, India’s bulk HRC export volumes stood at 127,396 t in July 2025, inched down by 8% against 144,093 t in June 2025.
Outlook
Indian HRC market is expected to stay firm until mid-August ahead of holidays, keeping prices range-bound. Moreover, post holidays trend will depend on export booking trends, supply-demand dynamics and global cues. Additionally, market participants are adopting a wait-and-watch approach for late-August.
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