UTC+8 ( BJT)

Indian HRC & CRC trade price increases to all time high

Indian HRC and CRC trade prices recorded an all-time high post announcement of the second price hike by major steel mills for Apr deliveries.SteelMint’s benchmark prices for 2.5mm thickness HRC stands at INR 63,000-64,000/t and CRC at INR 74,000-76,000/t (exy-Mumbai). The prices mentioned are basic and GST extra @18% is applicable.
Key highlights Trade prices of HRC and CRC hit an all-time high Buoyant global rates to support domestic steel prices Indian mills announce 2ndhike in HRC & CRC prices Why domestic steel prices touch an all-time high?Let’s examine some factors: 1. Buoyant global rates to support domestic steel prices-SteelMint’s Indian HRC (SAE 1006) export index

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227