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Tag: Dull demand pulls down Indian HRC Prices

  • Dull Demand Pulls Down Indian HRC Prices to 1.5 Years Low *

    Dull Demand Pulls Down Indian HRC Prices to 1.5 Years Low *

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    by

    Pratibha Bajaj
    in

    This week domestic HRC prices in India fell further by around INR 500-750/MT (USD 7-11) against last week. On the back of pessimistic demand prevailing in domestic market, limited trades, falling automobile sales, prices have shown downside. SteelMint price assessment for HRC (IS2062,2.5-8mm) is currently at INR 39,000-39,500/MT (Ex-Mumbai) which is around 1.5 years low…