Tag: Manufacturing PMI range-bound in March
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India: Mills raise prices of HRC, trade market follows
Trade market prices of hot rolled coils (HRC) spiked across key markets this week following the price increase announcements by major steel producers for early April sales. However, the end-buyers are concerned about the elevated price levels. What factors are pushing up prices? 1. Mills steeply increase list prices for early April sales: Indian steel…