Tag: India: Trade-level HRC prices surge by up to INR 1000/t amid shortages rising export opportunities

Buyers explore domestic options amid falling imports India’s HRC offers to Europe increase by $20/t w-o-w Trade-level hot-rolled coil (HRC) offers surged by up to INR 1,000/tonne (t) ($11/t) w-o-w to INR 50,200-52,500/t ($586-613/t) across domestic markets. Cold-rolled coil (CRC) prices increased by up to INR 1,300/t ($15/t) w-o-w to INR 56,000-59,000/t ($654-689/t). Notably, material…