Tag: Prices drop to two-month low
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India: Galvanised plain coil trade prices drop to 2-month low on subdued demand
The trade market prices of galvanised plain coils (GP) dropped further this week by INR 2,900/t ($37/t), which also hit a two month low mark. Slow buying interest amidst continual decline in prices is further pulling the latter downwards in the market. SteelMint’s assessment of GP (0.5mm, 120gsm) stood around INR 82,000-83,000/t ($1,056-1,069/t). On the…