Tag: India HRC
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India: HRC prices drop to 6-month low; further correction expected
Indian domestic trade prices of hot-rolled coils (HRC) slumped to a 6-month low on the back of a continual decline in export offers and subdued domestic demand leading to rising inventories in the domestic market. SteelMint’s benchmark HRC (IS 2062, 2.5-8mm) prices were assessed at INR 63,500-64,500/tonne (t) (down, INR 1,100/t), while those of CRCs…