Tag: Domestic HRC prices increases
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Indian HRC prices gain on tight supply, demand spurt
Indian hot-rolled coil (HRC) prices have increased by INR 500-1000/t this week on tight supplies and gradual restocking after weeks of subdued demand by distributors. The SteelMint’s benchmark price for HRC 2.5mm is assessed at INR 38,500-39,000/t (ex-Mumbai) increase by around INR 1000/t w-o-w, not including GST. Major Indian steel manufacturers have raised flat steel…