Tag: Indian HRC imports seen surging in Q2’FY25; prices may remain under pressure

Lower global price trends make imports attractive Increased production from Vietnam boosts exports Landed imported prices cheaper against domestic Morning Brief: India’s Hot Rolled Coil (HRC) and plate imports are expected to surge by around 85% to 1.35 million tonnes (mnt) in the second quarter (July-September, 2024) of FY’25 compared to 0.73 mnt seen in…