Tag: India: Trade-level HRC prices remain stable amid falling demand

Trade-level hot-rolled coil (HRC) offers remained stable w-o-w at INR 51,000-52,700/t ($597-617/t) across markets. Cold-rolled coil (CRC) prices also held steady at INR 56,400-58,500/t ($661-685/t). Softening demand has led to a cautious market sentiment, with participants opting to book profits on existing inventories. BigMint’s benchmark assessment (bi-weekly) for HRCs (IS2062, Gr E250, 2.5-8 mm/CTL) remained…