India: Trade-level HR plate prices fall by INR 200/t ($2/t)
India's trade-level prices of hot-rolled (HR) plates softened this week, with BigMint's weekly assessment for the same (IS2062, Gr E250 Br, 20-40 mm) decreasing by INR 200/t ($2/t) to INR 51,000-54,000/t ($604-639/t) exy-Mumbai on 20 Nov'24. In contrast, prices of hot strip mill (HSM) plates (IS2062, Gr E250 Br, 5-10 mm) remained stable w-o-w at INR 48,500-49,500/t ($574-586/t) exy-Mumbai. Prices exclude 18% GST.