Tag: Weak performance from farm equipment makers

India: HR-plate trade-level prices fall further by INR 1,300/t ($17/t), buying remains slow

Dec 3, 2021

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by

Kalpesh Padhiar

in HR Plate

Prices of hot-rolled plates (HR-plate) have come down further by about INR 1,000-1,300/t ($13-17/t) in the key markets this week. The decline in global plate prices and limited activities in the trade segment in the past week has weighed on the prices. For week 49 (29 Nov-04 Dec’21), SteelMint’s assessment for HR-plates (E250, 5-10mm) dropped…