Tag: India: HRC-CRC spread widens to 18-month high in Apr’24; Mills feel excess supply heat

HRC prices seen falling since last six months CRCs benefit from higher downstream, auto usage Prices likely to stay range-bound in short term Morning Brief: The spread between benchmarked hot rolled and cold rolled coils widened to an 18-month high of INR 8,600/tonne ($103/t) in April 2024, reveals data maintained with BigMint. Such levels were…