 "steel plant, steel, steel factory")
Domestic hot-rolled coil (HRC) prices, which remained much higher than the anti-dumping duty (ADD) levels throughout FY2018 and FY2019, have corrected steeply, dropping below the ADD stipulated level for the first time in the second week of October 2019, according to an Icra report.
The decline in HRC prices the past few months is due to weakening domestic demand.
Icra said in its report that as per the definitive ADD imposed on certain flat steel products in May 2017, which are valid till August 2021, the threshold price for HRC stands at $489 per tonne (about Rs 34,719 per tonne at USD/INR
