HRC prices in traders’ market have crossed Rs60,000/te on average for the first time post Jun-22 as expectations of a price hike by major steel players in Mar-23 builds up. Spot spread was aided by coking coal price dropping US$40/te WoW. Rebar-HRC premium has contracted to Rs3,000/te- lowest in the last two months as HRC prices are aided by concerted price hikes across all regions.