Tag: India: Trade-level HRC prices edge down by up to INR 300/t w-o-w amid limited demand

Falling trade volumes weigh on market Jan’s imports likely to be lowest in FY’25 Hot-rolled coil (HRC) prices across India declined marginally by up to INR 300/tonne (t) ($3/t) w-o-w to INR 46,600-48,100/t ($539-557/t) amid limited demand. Conversely, cold-rolled coil (CRC) prices remained stable w-o-w at INR 53,300-58,000/t ($617-671/t) across markets. BigMint’s benchmark assessments (bi-weekly)…