Tag: Demand-supply gap emerges

India: HR-plate prices hit all-time high, supply constraints emerge

Oct 22, 2021

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by

Kalpesh Padhiar

in HR Plate

Domestic HR-plate prices spiked by INR 1,500/tonne (t) ($20/t) this week, hitting an all-time high, on the back of price hike by mills and a demand-supply gap. For week 43 (18-23 Oct’21), SteelMint’s assessment for HR plates (IS 2062/E250, 5-10mm) stood at INR 72,000-73,000/t ($962-975/t) exy-Mumbai contrasted against INR 70,500-71,000/t ($942-948/t) exy-Mumbai a week back.…