Tag: CRC prices
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India: CRC prices under pressure, gap with HRC narrows
The price spread between the two key flat products, hot rolled coils (HRCs) and cold rolled coils (CRCs), has narrowed to a four-month low of around INR 11,100/t ($150/t). The same had widened to a record more than INR 16,500/tonne (t) ($223/t) in mid-Jun’21. Why has the spread narrowed? The gap has narrowed, SteelMint notes,…