Tag: India: Domestic HRC Prices Fall Over Limited Inquiries & Increasing Stock

This week the domestic HRC prices softened by around INR 250-700/MT in trade segment amid higher stocks in hand and sluggish buying. Thus, the current trade reference prices for HRC stands at INR 39,000- 39,500/MT (ex-Mumbai), INR 38,750-39,000/MT (ex-Delhi), and INR 39,750 – 40,000/MT (ex-Chennai). Prices mentioned above are basic, and extra GST@ 18% will…