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Tag: India flat steel composite index down 0.3% w-o-w

  • India flat steel composite index down 0.3% w-o-w

    India flat steel composite index down 0.3% w-o-w

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    by

    Shubham
    in

    Trade-level hot rolled (HR) and cold rolled (CR) prices dipped by a slight INR 200/t ($2/t) last week. HRC prices dipped to INR 52,600/t ($629/t) and CRCs to INR 61,100/t ($731/t) post-decrease. The price fall was propelled by a few factors. First, buying was sluggish amid the fiscal year-end liquidity crunch. Secondly, mounting inventories, thanks…