India: HR plate prices remain stable amid cautious market sentiment
Indian hot-rolled plate prices (20-40 mm, Grade E250 Br.) remained unchanged w-o-w at INR 60,800/t ($641/t) as of May 6, 2026. One major mill has raised plate prices by INR 1,000/t ($11/t) for early-May sales, while others have kept prices stable. The overall price stability reflects prevailing caution among market participants.