Tag: India: Trade-level HRC prices fall by upto INR 1000/t ($12) w-o-w on slow buying

Trade-level prices of hot-rolled coils (HRC) dropped this week by up to INR 1,000/t ($12/t) w-o-w, as per SteelMint’s assessments. Delay in credit recovery by distribution network participants and lower drive for procurement from the key end-user industries were some of the reasons behind the drop, hinted sources. As per SteelMint’s latest assessment on 15…