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Easing covid curbs in China good for metals

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₹2,400 per tonne from the previous week to align with global prices, while India rebar prices rose by ₹1,800 a tonne. However domestic HRC prices are at modest discounts to Chinese imports, but at a premium to the imports from South Korea and Japan.

Besides, India HRC spreads are 1.1% lower month-on-month due to an increase in coking coal prices (up 15.3%) and iron ore prices (up 14.8%) in January, said analysts at Nomura.

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