Tag: Will Indian mills hike HRC and CRC prices in June?

Domestic HRC and CRC prices continue to remain discounted by around 15-20% as compared to international rates despite a sharp drop in Chinese export offers. Thus, to reduce this gap, Indian mills are planning to further lift local HRC and CRC prices by around INR 2,000-3,000/tonne ($27-41/t). However, an official announcement is still awaited. In…