Tag: Domestic HRC prices increases
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Indian HRC Prices Uptick in Trade Segment Following Hike by Steel Mills
Domestic HRC prices continued witness upward momentum this week after major steel producers announce price hike by around INR 1000-1250/MT for Dec’19. Current trade reference price for HRC (2.5-8mm,IS2062) stands at INR 35,750-36,000/MT (ex-Mumbai), INR 35,000-35,200/MT (ex-Delhi), and INR 36,000-36,250/MT (ex-Chennai).Prices mentioned above are basic, and extra GST@ 18% will be applicable. Currently, domestic CRC…