Tag: domestic HRC prices soften

Ongoing elections, rising inventory among traders, poor sales volumes, low liquidity along with dull demand continued to keep domestic HRC market under pressure. Currently HRC (2.5-8mm, IS2062) prices in traders market is around INR 41,000-41,500/MT (ex-Mumbai), INR 41,500-41,700/MT (ex-Delhi) and INR 44,000/MT (ex-Chennai). Prices mentioned above are basic and extra GST@ 18% will be applicable.…