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    M
    Metal and Mining
    SECTOR | 06 Jan 2023

    Steel: Sharp uptick in HRC prices; spread declines

    buy
    Metal and Mining
    by ICICI Securities Limited
    ICICI Securities Limited
    HRC prices in traders’ market during the week ended 04th Jan’23 rose by Rs1,500/te on average spurred by the possible price hikes by major steel producers. HRC export price (India FOB) also rose slightly to US$600/te tracking regional prices.
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    Axis Direct released a Sector Update report for Metal and Mining on 18 Aug, 2025.
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