UTC+8 ( BJT)

India: Domestic HRC prices soften on bearish sentiment

Domestic HRC trade prices in few markets retreated by INR 250-750/t w-o-w after hitting almost one year high levels last week.
This week Indian HRC trade prices softened on w-o-w basis due to prevailing monsoon season resulting in moderate demand in the domestic market. Last week Indian HRC prices recorded almost one year high in Aug ’20 since mills announced three consecutive hikes this month on limited supply and restocking demand in

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