Tag: Domestic HRC prices Under Pressure

This week Indian HRC trade prices declined sharply by INR 1,500-2,000/t since traders are delaying their procurements in expectation of further correction in HRC prices. SteelMint’s benchmark prices for 2.5mm hot-rolled coils (HRC) stand at INR 64,500-65,500/t (exy-Mumbai) this week against INR 66,000-67,000/t (exy-Mumbai) seen last week. The prices mentioned above do not include GST…