Tag: India: HRC trade-level prices decline further by INR 1800/t on slow demand

Trade-level prices of hot-rolled coil (HRC) dropped further by INR 1,800/t ($23/t) in the key market of Mumbai this week, weighed down by slow trade activities. End-users and retailers kept to the sidelines awaiting price announcement by the mills. SteelMint’s weekly benchmark price assessment HRC (IS2062, 2.5-8mm) dropped by INR 1,800/t ($23/t) w-o-w at INR…