Come Aug, CRC prices too may rise 20%
Faced With Raw Material Price Hike, Both Primary & Secondary Steel Cos May Increase Rates Soon AUTOMOBILE-makers and construction firms could face another round of cost push from next month. Taking a cue from primary steel or hot rolled coil (HRC) makers, leading secondary steel producers, including Bhushan Steel and Uttam Galva, are also looking at raising prices of cold rolled coils (CRCs) and galvanised sheets by 15-20% next month. HRC is used for making CRC, which is primarily used in the construction and automotive sector.