8/8/2021 · Steel becomes costlier; companies hike rates by up to Rs 4,900/tonne in India. 03 Jun, 2021, 03.42 PM IST. HRC and CRC are flat steel used in industries such as auto, appliances and construction. Hence, any rise in steel prices impacts the prices of vehicles, consumer goods and cost of construction as steel is a raw material for these sectors.