Tag: India: Trade-level prices of HR plates drop INR 1

Need-based procurement limits demand, prices Slow industrial output keeps market under pressure Trade-level prices of hot-rolled (HR) plates dropped around INR 1,600/t amid weak buying activities in the domestic market. BigMint’s monthly average price for HR plates (IS2062, Gr- E250 Br., 20-40 mm) declined to INR 53,300/t ($634/t) exy-Mumbai in September 2024 from INR 54,900/t…