Tag: Mills clear stocks at discounted prices
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India: HRC-CRC spread at over 2-year low on dull demand
Omicron spread creating further lack of demand Chip shortage leading to lesser CRC consumption Mills resort to sales at prices lower than listed Europe may resume buying The hot-rolled coil (HRC) and cold-rolled coil (CRC) spread has dropped to a two-and-a-half year low of around INR 4,800/tonne ($65/t). The last time it hovered around this…