Tag: Subdued trade keeps domestic HRC and CRC prices under pressure

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)…