Tag: India’s HRC-CRC spread widens to 18-month high in Apr’24

The spread between benchmarked hot rolled and cold rolled coils widened to an 18-month high of INR 8,600/tonne ($103/t) in April 2024, reveals data maintained with BigMint. Such levels were last seen in October 2022. Traditionally, CRCs are sold at a premium to HRCs. However, the spread has been widening since July 2023 – mainly…