Tag: NMDC lowers base prices for Karnataka auction

India: Subdued trade keeps domestic HRC, CRC prices under pressure

Sep 16, 2021

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by

Kanishka Chhabria

in HRC

Persistent weakness in downstream industrial and end-user demand has kept trade subdued in the domestic market, thus keeping the prices of hot-rolled coils (HRCs) and cold rolled coils (CRCs) under pressure. SteelMint’s benchmark price assessment for 2.5-8 mm IS 2062 HRCs stands unchanged at around INR 65,000-66,000/t (exy-Mumbai) while CRCs (IS 513 Gr O, 0.9mm)…