Steel makers hike prices of HRC, CRC by up to Rs 4,500 per tone
steel makers have hiked the prices of Hot Rolled Coil (HRC) and Cold Rolled Coil (CRC) by Rs 4,000 and Rs 4,500 per tonne, respectively, industry sources said on Tuesday. After the price revision, a tonne of HRC will cost Rs 67,000 while the buyers will get CRC for Rs 80,000 per tonne.
The price revisions have been made inthe last three days, the sources said.According to the sources, the prices of HRC and CRC could again be increased by Rs 2,000-4,000 per tonne. Another hike is likely in mid-May or early June, they added.
HRC and CRC are flat steel used in consumer-friendly industries such as auto, ap ..