Tag: Indian steel mills cut HRC list prices

Major Indian steel mills have announced a correction in HRC prices by around INR 1,500-2,000/t ($20-26) owing to tepid demand and sluggish buying intertest. Domestic HRC prices touched an all-time high last month when mills raised prices sharply by INR 4,000/t in line with higher global prices. However, due to the onset of monsoons and…