Tag: India: Trade-level HRC prices drop INR 1100/t ($13/t) w-o-w on slowing market momentum

Trade reference prices of hot-rolled coils (HRC) dropped by around INR 1,100/t ($13/t) w-o-w in the key market of Mumbai this week. Active restocking in the past few weeks amid rising prices by mills had kept the momentum going for trade-level prices. Now activities have started slowing since the beginning of this week, hinted sources.…