Tag: India: Steel production cuts support HRC trade prices

Indian flat steel producers have been curtailing their production since mid-July effectively reducing the pace of the decline in the trade level HRC and CRC prices. This week, prices have dropped marginally by up to INR 600/t in the Mumbai market. SteelMint’s benchmark price assessment for HRC (IS2062, 2.5-8mm) fell by INR 100/t ($5/t) w-o-w…