Tag: Increase in restocking activities
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India: Mills announce further price hikes, HRC rates hit all-time highs
Major Indian steel producers have taken up two rounds of price hikes for hot-rolled coils (HRC) and cold-rolled coils (CRC) in Oct’21 backed by the spurt in restocking activities and an increase in coal prices, pushing up hot-rolled coil (HRC) prices to all-time highs. 1. JSW Steel Ltd announced an INR 1,000/t hike effective 16…