{"id":70220,"date":"2026-07-01T15:48:56","date_gmt":"2026-07-01T09:48:56","guid":{"rendered":"https:\/\/biztrend24.com\/?p=70220"},"modified":"2026-07-01T15:48:56","modified_gmt":"2026-07-01T09:48:56","slug":"india-trade-level-hrc-prices-soften-marginally-on-weak-demand-cautious-buying","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=70220&lang=en","title":{"rendered":"India: Trade-level HRC prices soften marginally on weak demand, cautious buying"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Benchmark HRC prices remain stable w-o-w<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Buyers defer purchases ahead of price revisions:<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>India&#8217;s trade-level HRC prices softened marginally during the week ended 30 June 2026, with market offers reported in the range of INR 55,200-59,500\/t ($583-629\/t). Trading activity remained subdued, as slow demand and predominantly need-based procurement continued to limit overall market participation.<\/p>\n<p>Meanwhile, trade-level CRC prices were assessed at INR 59,500-68,200\/t ($629-721\/t) during the week, reflecting similarly cautious market sentiment and muted buying activity.<\/p>\n<p>BigMint&#8217;s bi-weekly benchmark assessment for HRC (IS2062, Grade E250, 2.5-8 mm\/CTL) in Mumbai remained stable w-o-w at INR 58,200\/t ($615\/t) as of 30 June 2026.<\/p>\n<p>Likewise, the benchmark assessment for CRC (IS513, Grade O, 0.9 mm\/CTL) held steady at INR 65,200\/t ($689\/t). All assessments are ex-Mumbai and exclusive of 18% GST.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-70222\" src=\"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-75.jpg?resize=640%2C361&#038;ssl=1\" alt=\"\" width=\"640\" height=\"361\" srcset=\"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-75.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-75.jpg?resize=1024%2C576&amp;ssl=1 1024w, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-75.jpg?resize=768%2C432&amp;ssl=1 768w, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-75.jpg?w=1280&amp;ssl=1 1280w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>Market updates:<\/p>\n<p>India&#8217;s trade-level HRC market softened marginally during this week amid subdued buying activity and cautious market sentiment. A market participant informed BigMint, &#8220;Demand remained relatively weak, while supply was slightly constrained across regions&#8221;. Trading activity slowed further as procurement was largely limited to immediate requirements, with buyers adopting a predominantly need-based approach.<\/p>\n<p>Market participants reported that buyers continued to defer fresh bookings in anticipation of a potential price correction. The prevailing wait-and-watch sentiment was further reinforced by expectations surrounding steelmakers&#8217; price announcements for next month, prompting consumers and distributors to hold back purchases until greater clarity on pricing emerges.<\/p>\n<p>Additional updates:<\/p>\n<p>Import volumes:\u00a0India&#8217;s bulk imports of HRCs touched 209,731 t as on 26 June. Around 199,898 t of additional cargoes are expected by mid-July.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-70223\" src=\"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-74.jpg?resize=640%2C361&#038;ssl=1\" alt=\"\" width=\"640\" height=\"361\" srcset=\"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-74.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-74.jpg?resize=1024%2C576&amp;ssl=1 1024w, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-74.jpg?resize=768%2C432&amp;ssl=1 768w, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-74.jpg?w=1280&amp;ssl=1 1280w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>Export volumes:\u00a0India&#8217;s bulk exports of HRCs touched 176,704 t as of 26 June. Around 48,550 t of additional cargoes are expected to be shipped.<\/p>\n<p>Outlook:<\/p>\n<p>India&#8217;s HRC market is likely to remain under mild pressure in the near term, as monsoon-related disruptions continue to dampen demand and trading activity. Moreover, market participants are expected to maintain a cautious stance ahead of mills&#8217; July price announcements, with purchasing activity largely restricted to immediate requirements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Benchmark HRC prices remain stable w-o-w Buyers defer purchases ahead of price revisions: India&#8217;s trade-level&#8230;<\/p>\n","protected":false},"author":1,"featured_media":70224,"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-70220","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\/07\/Untitled-design-76-1.jpg?fit=1280%2C720&ssl=1?v=1782899331",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-76-1.jpg?resize=150%2C150&ssl=1?v=1782899331",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-76-1.jpg?fit=300%2C169&ssl=1?v=1782899331",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-76-1.jpg?fit=640%2C360&ssl=1?v=1782899331",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-76-1.jpg?fit=640%2C360&ssl=1?v=1782899331",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-76-1.jpg?fit=1280%2C720&ssl=1?v=1782899331",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-76-1.jpg?fit=1280%2C720&ssl=1?v=1782899331",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-76-1.jpg?resize=1115%2C715&ssl=1?v=1782899331",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-76-1.jpg?resize=800%2C500&ssl=1?v=1782899331",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-76-1.jpg?fit=1024%2C576&ssl=1?v=1782899331",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-76-1.jpg?resize=540%2C340&ssl=1?v=1782899331",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-76-1.jpg?resize=400%2C250&ssl=1?v=1782899331",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\/07\/Untitled-design-76-1.jpg?fit=1280%2C720&ssl=1?v=1782899331","jetpack-related-posts":[{"id":61295,"url":"https:\/\/biztrend24.com\/?p=61295&lang=en","url_meta":{"origin":70220,"position":0},"title":"India: HRC, CRC prices rise; further upside expected","author":"Biz Trend 24","date":"March 25, 2026","format":false,"excerpt":"Demand remains largely need-based across segments Trading activity stays limited despite price rise 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. 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