Tag: India: HRC trade market price plunges INR 7800/t ($99/t) m-o-m in June

Subdued domestic, overseas demand weighs on prices Raw material prices under pressure  Domestic prices of HRC (IS2062, 2.5-8mm) have dropped by about INR 7,800/t ($99/t) in June, 2022 to INR 62,000/t ($785/t) compared to INR 69,800/t ($884/t) a month ago. Slow demand in both the overseas and domestic markets has weighed on prices lately. The…