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India: Trade-level HRC prices rise by up to $6/t following safeguard duty implementation

Source: BigMint Apr 25, 2025 10:00

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HRC and CRC prices witness modest increases. 12% duty yet to trigger sharp price hikes amid oversupply.

Trade-level prices for hot-rolled coil (HRC) rose by up to INR 500/t ($6/t) w-o-w, reaching INR 51,500-52,600/t ($603-616/t) across markets. Cold-rolled coil (CRC) prices also increased by up to INR 800/t ($9/t) w-o-w, now at INR 56,500-60,000/t ($661-702/t). Despite the upward trend, the market has not seen sharp price hikes.

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