Indian mills hike HRC, CRC prices by $6-12/t for May sales

Source: Mysteel May 09, 2025 10:00

Leading Indian steel manufacturers have officially raised the list prices of hot-rolled coils (HRCs) and cold-rolled coils (CRCs) by $6-12/t for May sales. Additionally, some new market entrants have not yet announced any price hikes for the same products. While multiple mills have confirmed this price hike, official announcements from a few others are still pending. Leading steel manufacturers' list prices of HRCs (2.5-8 mm, IS2062, Gr E250, Br.) were at $627-638/t ex-Mumbai. CRC prices (0.9 mm, IS513 CR1) ranged within $697-715/t.

In India's trade segment, the average monthly price of HRCs rose by $8/t m-o-m to $623/t in April. CRC saw a sharper increase of $12/t to $664/t. The price uptick was driven by a sharp decline in lower-priced imports and legacy inventory. Additionally, there were supply constraints, with ongoing maintenance