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Tag: domestic HRC prices increased by INR 1000/t

  • Indian HRC prices rise as buyers seek prompt deliveries

    Indian HRC prices rise as buyers seek prompt deliveries

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    by

    Pratibha Bajaj
    in

    Domestic HRC prices increased by INR 500-1,000/t ($7-13) this week, as Indian buyers are accepting higher list prices announced by major producers recently. Increased downstream demand and tight stocks with traders has increased demand for HRC, supporting prices, with some market participants saying current demand is already at pre-pandemic levels. HRC demand from downstream sectors…