The market sentiment for Indian HRC is cautiously optimistic, with prices remaining stable despite the ongoing monsoon season and global market slowdowns. Buyers are pausing to assess the impact of the approaching end of the monsoon, the potential uplift from the festive and busy season, and the government’s proposed tax reforms. Demand is expected to recover from early September as weather-related disruptions ease, though inflationary pressures and high lending costs could temper the recovery.