India: Trade-level HR steel plate prices decline
BigMint's weekly assessment for HR plates (IS2062, Gr E250 Br, 20-40mm) was around INR 48,500-49,500/t exy-Mumbai as of 27 September 2024, down by INR 700/t w-o-w. Meanwhile, weekly prices of hot strip mill (HSM) plates (IS2062, Gr E250 Br, 5-10mm) remained range-bound at INR 50,000-51,000/t exy-Mumbai, influenced by the decline in hot rolled coil (HRC) prices. Prices mentioned above exclude GST at 18%.