India: HRC prices climb to 4-year high on tight supplies, increased raw material costs

BigMint's benchmark reaches INR 62,000/t, highest since Jun'22. Maintenance shutdowns, controlled dispatches tighten spot availability, boost prices. HRC exports surge over 140% y-o-y in Jan-Aug'26, bulk imports drop 9%

India's benchmark hot-rolled coil (HRC) price has returned to levels last seen during the commodity rally of 2022, supported by a tightening domestic market rather than a sudden surge in demand. Benchmark HRC (2.5-8 mm/CTL, IS2062, Grade E250 Br) was assessed at INR 62,000/t exy-Mumbai in September, surpassing the