Mumbai HRC rouses from lull on restocking needs, planned mill hikes

摘要

Spot prices of hot-rolled coil in Mumbai resumed a climb after three weeks of stability, as restockingneeds boost demand, that most have described as lukewarm.S&P Global Platts assessed IS2062, 2.5-10 mm thick HRC delivered to Mumbai at Rupees 35,500/mt($498/mt), up Rupees 250/mt from the previous week, to reflect transactions reportedly done at thatlevel. The assessment excludes GST of 18%.