[SMM Steel] India Mumbai HRC Prices Fall on Weak Spot Demand

Published: Jul 17, 2026 11:15

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[India] Mumbai HRC prices fell by around USD 3/tonne week on week to USD 602/tonne EXW, with trade offers at USD 571-611/tonne. Monsoon disruptions continued to weaken construction and infrastructure demand, while cautious restocking and competitive offers pressured the market. Near-term procurement is expected to remain need-based, keeping HRC prices under pressure."

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