Tag: Auto ancillaries hit by decline in tractor

India: HR-plates price fall by INR 1,500/t ($20/t) amid decline in overseas prices

Nov 19, 2021

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by

Kalpesh Padhiar

in HR Plate

Trade reference prices of HR-plates in key markets fell this week amid slow supplies and limited end-user demand. Furthermore, a decline in overseas offers for heavy-plates and hot-rolled coils has raised concerns among buyers who are expecting a further decline in prices. For week 47 (15-20 Nov’21), SteelMint’s assessment for HR-plates (E250, 5-10mm) dropped by…