Tag: Indian mills hike HRC and CRC prices
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Indian HRC price edges close to two year high as mills lift offers sharply
Indian steel mills have announced a steep hike in list prices of HRC by INR 1,000-1,250/t ($13-17) for Nov deliveries. The price hike is backed by improved auto demand along with short supply hovering in the trade market. Factors behind price hike- 1. Major steel mills undergoing maintenance shutdown – Trade sources shared with SteelMint…