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Tag: India: Trade-level HRC prices fell w-o-w amid slow demand

  • India: Trade-level HRC prices fall w-o-w on slow demand

    India: Trade-level HRC prices fall w-o-w on slow demand

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    by

    Shruti Tripathi
    in

    BigMint’s benchmark HRC prices drop by INR 300/t w-o-w Weak demand, high inventories weigh on market sentiment Trade-level prices of hot-rolled coils (HRCs) in India fell w-o-w to INR 48,100-50,300/t ($546-571/t). Moreover, cold-rolled coil (CRC) prices showed a downtrend w-o-w, with prices ranging between INR 54,800-59,000/t ($622-670/t). BigMint’s benchmark assessment (bi-weekly) for HRCs (IS2062, Gr…