Tag: India: Trade-level HRC prices at 3-month high; mills may announce interim hike

Trade-level prices of hot rolled coils (HRC) are now hovering at a three-month high, close to the levels last seen in mid-October 2022. The price increase announced by mills in early January got absorbed in the market, hinted a reliable source. Thus, mills are now mulling an interim price hike in the coming days, he…