Tag: India flat steel composite index down 0.2% w-o-w

In flats, sentiments similar to rebar prevailed – buyers continued to make need-based procurements.Thus, trade-level hot rolled coil (HRC) prices remained stable w-o-w at INR 53,500-54,500/t ($646-657/t) while cold rolled prices were also static at INR 61,500-62,500/t ($741/-753/t). Factors like lacklustre domestic demand, imports, inventory glut and range-bound raw material prices have been converging for…