Tag: India: Domestic HRC trade prices bottom out as imports turn unfavourable

Domestic trade-level prices of hot rolled coils (HRC) are said to have bottomed out on the back of improved global market sentiments and costlier imports, SteelMint understands from industry sources. SteelMint’s benchmark assessment (weekly) for HRCs (IS2062, 2.5-8mm) stood range-bound at INR 53,500-54,500/ tonne (t) while that of CRCs (IS513 Gr O, 0.9mm) was at…