Tag: India: HRC trade prices fall to nearly 2-year lows

Indian trade level HRC (IS2062, 2.5-8mm) prices fell to almost a 2-year low post the revision of list prices by tier I mills for early December sales. It is to be noted that Indian tier-1 mills have cut list prices for hot rolled coils (HRCs) by upto INR 3,000/t ($36/t) and cold rolled coils (CRCs)…