Tag: India: Trade-level HRC prices fall further by INR 100-500/t; market waiting for import duty announcement

Hot-rolled steel coil (HRC) prices fell by INR 100-500/t ($1-6/t), establishing a range between INR48,500-51,700/t ($578-616/t). Cold-rolled (CR) coil prices exhibited a degree of stability, maintaining a range of INR 57,700-61,500/t ($687-732/t) across markets even as market participants are waiting for clarity on potential duties to be levied on steel imports. BigMint’s benchmark prices for…