{"id":61295,"date":"2026-03-25T13:09:49","date_gmt":"2026-03-25T07:09:49","guid":{"rendered":"https:\/\/biztrend24.com\/?p=61295"},"modified":"2026-03-25T13:09:49","modified_gmt":"2026-03-25T07:09:49","slug":"india-hrc-crc-prices-rise-further-upside-expected","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=61295&lang=en","title":{"rendered":"India: HRC, CRC prices rise; further upside expected"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Demand remains largely need-based across segments<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Trading activity stays limited despite price rise<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Indian steelmakers have increased list prices of hot-rolled coils (HRCs) by INR 750-1,500\/t ($8-16\/t) for late April 2026 sales. List prices of HRCs (2.5-8 mm, IS2062, Gr E250 Br) were reported in the range of INR 54,750-58,500\/t ($583-623\/t) ex-Mumbai.<\/p>\n<p>Meanwhile, cold-rolled coils (CRCs) (0.9 mm, IS513 CR1) prices were also revised upward by INR 1,500\/t ($16\/t), with current offers heard at INR 61,90065,750\/t ($659-700\/t).<\/p>\n<p>W-o-w price assessment:<\/p>\n<p>BigMint&#8217;s benchmark assessment (bi-weekly) for HRC (IS2062, Gr E250, 2.5-8 mm\/CTL) prices increased by INR 1,000\/t ($11\/t) w-o-w to INR 57,500\/t ($612\/t) on 24 March against INR 56,500\/t ($601\/t) on 17 March.<\/p>\n<p>CRC (IS513, Gr O, 0.9 mm\/CTL) prices increased to INR 65,000\/t ($692\/t) as assessed on 24 March 2026, up by INR 2,200\/t ($23\/t) w-o-w against INR 62,800\/t ($668\/t) on 17 March. These prices are ex-Mumbai for the distributor-to-dealer segment and exclude 18% GST.<\/p>\n<p>Market Update:<\/p>\n<p>Indian trade-level sentiment for both HRC and CRC has strengthened, with prices increasing in the recent cycle. However, demand continues to be largely need-based, while some level of panic buying persists in the market amid supply concerns. Overall, trading activity remains limited, with a stable-to-moderate demand outlook.<\/p>\n<p>Market participants informed BigMint that, next month, most OEMs are planning shutdowns and production cuts, including players like Maruti Suzuki India and Escorts Kubota. This is expected to impact downstream demand dynamics in the near term.<\/p>\n<p>In the CR segment, sentiment remains relatively tighter compared to HR, supported by limited availability and cautious procurement. Despite the current stable demand scenario, participants expect prices to remain supported due to ongoing supply constraints.<\/p>\n<p>Looking ahead, the market anticipates a further price increase of around INR 1,5002,000\/t for April, driven by constrained supply conditions and continued cautious buying interest.<\/p>\n<p>Additional updates:<\/p>\n<p>Import volumes:\u00a0Indias bulk imports of HRCs touched 103,000 t. Around 51,213 t of additional cargoes are expected.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-61296\" src=\"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-38.jpg?resize=640%2C361&#038;ssl=1\" alt=\"\" width=\"640\" height=\"361\" srcset=\"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-38.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-38.jpg?resize=1024%2C576&amp;ssl=1 1024w, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-38.jpg?resize=768%2C432&amp;ssl=1 768w, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-38.jpg?w=1280&amp;ssl=1 1280w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>Export volumes:\u00a0Indias bulk exports of HRCs touched 127,394 t. Around 135,600 t of additional cargoes are expected.<\/p>\n<p>Outlook:<\/p>\n<p>In the near term, prices are likely to trend higher on the back of expected mill price hikes. However, year-end closing activities and volatile global market sentiment will remain key factors to watch.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Demand remains largely need-based across segments Trading activity stays limited despite price rise Indian steelmakers&#8230;<\/p>\n","protected":false},"author":1,"featured_media":61297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[313],"tags":[],"class_list":["post-61295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?fit=1280%2C720&ssl=1?v=1774422582",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?resize=150%2C150&ssl=1?v=1774422582",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?fit=300%2C169&ssl=1?v=1774422582",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?fit=640%2C360&ssl=1?v=1774422582",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?fit=640%2C360&ssl=1?v=1774422582",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?fit=1280%2C720&ssl=1?v=1774422582",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?fit=1280%2C720&ssl=1?v=1774422582",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?resize=1115%2C715&ssl=1?v=1774422582",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?resize=800%2C500&ssl=1?v=1774422582",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?fit=1024%2C576&ssl=1?v=1774422582",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?resize=540%2C340&ssl=1?v=1774422582",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?resize=400%2C250&ssl=1?v=1774422582",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"<a href=\"https:\/\/biztrend24.com\/?cat=313&#038;lang=en\" rel=\"category\">Iron &amp; Steel<\/a>","tag_info":"Iron &amp; Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?fit=1280%2C720&ssl=1?v=1774422582","jetpack-related-posts":[{"id":54850,"url":"https:\/\/biztrend24.com\/?p=54850&lang=en","url_meta":{"origin":61295,"position":0},"title":"India: Trade-level HRC prices edge up w-o-w following mill price hike announcements","author":"Biz Trend 24","date":"January 21, 2026","format":false,"excerpt":"Mill price hikes push HRC prices Post-festive trade activity rebounds Trade-level prices of hot-rolled coils (HRC) in India increased w-o-w following the announcement of price hikes by mills, with HRC prices assessed in the range of INR 50,000-52,900\/t ($550-581\/t). 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