Tag: HRC-CRC spread
-
India: HRC-CRC spread at 6-month high on escalated cost
Higher CRC prices widen gap with HRCs High coal, gas prices raise CRC’s conversion cost Automotive steel demand improves, supports CRC price spurt Morning Brief: The hot rolled coil-cold rolled coil (HRC-CRC) spread expanded to INR 7,500/t in March, 2022, the highest since INR 8,380/t seen in September, 2021. Average monthly trade-level HRC prices have…