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India: Trade-level HRC prices hit 28-month high amid geopolitical tensions

Source: BigMint Mar 12, 2026 08:30
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Increasing energy, freight costs lead to panic buying. Material availability remains tight at distributor level
Trade-level prices of hot-rolled coils (HRC) in India remained firm or increased across key regions, reaching a 28-month high, with HRC prices assessed in the range of INR 53,000-56,200/t ($576-610/t) and cold-rolled coil (CRC) prices assessed at INR 58,100-63,500/t ($632-690/t).   Benchmark assessment (bi-weekly) for HRC (IS2062, Gr E250, 2.5-8 mm/CTL)

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