Tag: Morning Brief: Indian HRC-CRC spread hits record low

The price spread between hot rolled and cold rolled coils narrowed to a record over-two-and-a-half year low since Jul’19, the time SteelMint has been tracing this data. On the basis of monthly average prices, the spread narrowed to a record low of INR 3,200/t ($43/t) in January. In comparison, the same had touched record highs…