Tag: HRC offers
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SAIL Likely to Hike Domestic HRC Offers by INR 500/MT Amid Low Imports
Currency depreciation and safeguard duty anticipation is driving SAIL, one of India’s largest steel manufacturers, to increase its domestic HRC prices. China’s sudden decision to devalue its currency last month negatively impacted currencies of many neighboring economies. India is one such country whose currency depreciated by about 4% following Yuan fall of about 3%. This…