Tag: Domestic HRC prices increases

This week domestic HRC prices witnessed increase by around INR 500-1000/MT in traders market. SteelMint reported last week that major Indian steel mills are likely to announce hike of INR 1000-1500/MT (USD 14-21) in Jan ’20. Thus,current trade reference prices for HRC stands at INR 36,000-37,000/MT (ex-Mumbai), INR 36,000-37,500/MT (ex-Delhi), and INR 37,000-38,000/MT (ex-Chennai). Prices…