Tag: India: Domestic HR plate prices drop by INR 700/t ($9/t) on soft demand

India: Domestic HR plate prices drop by INR 700/t ($9/t) on soft demand

Jun 30, 2022

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by

Kalpesh Padhiar

in HR Plate

Domestic trade reference prices of hot-rolled (HR) plate (E250, 5-10mm) dropped by INR 700/t ($9/t) to INR 60,500-61,500/t ($765-778/t) exy-Mumbai, close to the levels of April’21. Prices are weighed down by lackluster domestic demand and declining global plate prices, SteelMint learnt from market sources. Chinese heavy plate (SS400) export offers dropped to $730-740/t FOB from…