Tag: End-user demand wilts

India: HRC trade market prices drop as buying interest hits the bottom

May 26, 2022

—

by

Kalpesh Padhiar

in HRC

Domestic trade market prices of hot rolled coils (HRC) and cold rolled coils (CRC) continued to move down for the seventh straight week due to slow trading activities. SteelMint’s benchmark price assessment for HRC stood at INR 65,500-66,500/t ($844-857/t), down steeply by 3,200/t ($41/t) w-o-w, while CRC prices fell by INR 3,500/t ($45/t) to INR…