Tag: India: HRC-CRC spread drops 50% y-o-y in June; but automotive may offer support

Prices of both HRC, CRC in freefall since April Lack of export, domestic demand pressure prices Supply-demand recalibration, auto contracts may support prices, going forward Morning Brief: The spread between the benchmarked hot rolled coils (HRCs) and cold rolled coils (CRCs) has dropped almost 50% in the last one year, reveals data maintained with SteelMint.…