Tag: Indian HRC
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India: Trade-level HRC prices stable; need-based buying weighs on market
Trade-level prices of hot-rolled (HR) coil and cold-rolled (CR) coil have held steady across markets this week. Overall trading activity remains sluggish, as cautious market participants predominantly prioritised need-based buying. BigMint’s benchmark assessment (bi-weekly) for HRC (IS2062, Gr E250, 2.5-8mm) remained stable at INR 53,500-54500/t ($649/t) on 13 February compared to the previous week. CRC…