Tag: Trade-level HRC prices continue to remain under pressure for yet another week. News about inbound low-priced HRC in the market and need-based procurement from buyers
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India: Trade-level HRC prices under pressure; imports and slowdown in buying major concerns
Trade-level HRC prices continue to remain under pressure for yet another week. News about inbound low-priced HRC in the market and need-based procurement from buyers weighed on prices, as per SteelMint assessment. However, in the key Mumbai market prices stood unchanged. SteelMint’s benchmark HRC (IS2062, 2.5-8mm) weekly price assessment is at INR 56,000-56,500/t. On the…