Tag: but may recover soon
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Morning Brief: Indian HRC-CRC spread hits record low, but may recover soon
The price spread between hot rolled and cold rolled coils narrowed to a record over-two-and-a-half year low since Jul’19, the time SteelMint has been tracing this data. On the basis of monthly average prices, the spread narrowed to a record low of INR 3,200/t ($43/t) in January. In comparison, the same had touched record highs…