Tag: Inventory pressure

Indian mills have “rolled over” their Dec’21 prices for early Jan’22 deliveries. However, these prices are lower than the levels at which last month had begun. It may be recalled Dec’21 prices had opened reduced by INR 2,500/t for HRCs to INR 67,500-68,000/t ($900-906/t) and INR 74,500-75,000/t ($993-1,000/t) for CRCs. In longs, December rebar prices…