Tag: China heavy plate (SS400- 12-40mm)

India: HR plate prices slip 8%, m-o-m, in Dec’21 on soft demand

Dec 31, 2021

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by

Kalpesh Padhiar

in HR Plate

The average monthly trade reference price of hot-rolled (HR) plate has declined by 8% in Dec’21 to INR 65,900/t ($886/t) exy-Mumbai from INR 71,000/t ($955/t) exy-Mumbai in Nov. Subdued demand in the domestic market along with declining global export offers continue to weigh on prices. For week 1 (27 Dec’21- 01 Jan’22), SteelMint’s assessment for…