Tag: exy-Mumbai

India: HRC trade prices drop by up to INR 2,000/t since early December

Dec 15, 2022

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by

Kalpesh Padhiar

in HRC

Trade reference prices of hot-rolled coil (HRC) have dropped by around INR 2,000/t ($24/t), while that of cold rolled coil (CRC) fell by INR 2,700/t ($33/t) in the first 15 days of December 2022. Slower conversion of enquiries to sales amid cautious buying, and active bargaining continued weighing on trade level prices over the past…