Tag: India: HRC trade prices drop by up to INR 2000/t since early December

Trade reference prices of hot-rolled coil (HRC) have dropped by around INR 2,000/t ($24/t), while that of cold rolled coil (CRC) fell by INR 2,700/t ($33/t) in the first 15 days of December 2022. Slower conversion of enquiries to sales amid cautious buying, and active bargaining continued weighing on trade level prices over the past…