Tag: India: Trade-level HRC prices remain stable w-o-w amid festive period

Market reject mills’ Jan list price hike Weak demand pressures trade activity India’s prices of steel hot-rolled coils (HRCs) and cold-rolled coils (CRCs) remained steady w-o-w at INR 46,500-48,600/tonne (t) ($642-679/t) and INR 53,500-57,000/t ($703-762/t), respectively, across all markets. While mills had revised list prices upward, the market resisted the hike due to subdued demand.…