Tag: #importparity
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India: Domestic HRC prices narrow gap with import parity as supply tightens
Higher input costs lift steelmakers’ replacement costs Lower imports, stronger exports tighten domestic availability Domestic hot-rolled coil (HRC) prices in India remained below import parity as of 1 September, although the gap narrowed significantly following the sharp price recovery in late August. BigMint’s bi-weekly HRC benchmark stood at INR 61,700/t ex-Mumbai, around INR 3,200-4,300/t below…