Tag: India: HR plate prices decline by INR 1500/t w-o-w amid sluggish demand

Indian hot-rolled (HR) plate (E250, 20-40mm) prices dropped by INR 1,500/t this week. Since the beginning of the month, demand for plates slowed in the traders’ market with buyers turning cautious as the difference between coil and plate prices expanded in November. Also, the downtrend in global plate prices over the past seven months weighed…