Tag: India: HR-plate trade market prices drops INR 1800/t w-o-w on slow demand

The trade market prices of HR-plate continued to decline for the second consecutive week amidst slow demand and softening of sentiments because of the downtrend in global plate prices. SteelMint’s assessment for HR-plates (E250, 5-10mm) declined by INR 1,800/t ($23/t) to INR 69,500-70,500/t ($897-910/t) exy-Mumbai this week. Prices are basic, excluding GST at 18%. Buying…