Tag: Domestic flat steel prices decline

India’s domestic Hot Rolled Coil (HRC) prices continued to fall further this week on stagnant demand and rising inventories with traders.SteelMint’s benchmark prices for 2.5mm thickness HRC stands at INR 53,500-54,000/t (exy-Mumbai),down by INR 750/t w-o-w. Key factors leading to price correction: 1.Rising inventories with traders Traders are reluctant to procure material from mills at…