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Global prices to drive India’s domestic steel market

ABSTRACT

SteelMint’s benchmark prices for 2.5mm thickness HRC stands at INR 66,500-67,500/t and CRC at 80,500-81,500/t exy-Mumbai. The prices mentioned above are exclusive of GST @18%.
*Prices as per SteelMint HRC price methodology. Despite the possibility of domestic demand to be moderate due to rising covid-19 cases, we expect domestic steel prices to remain elevated on the back of favourable international price trends. In the domestic market, the HRC and CRC spread has also reached an all-time high

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