UTC+8 ( BJT)

Weekly: Indian steel market snapshot

ABSTRACT

The Indian steel market has noticed a surge in prices during week 20, however, spot steel demand in the domestic segment remained moderate due to lockdown restrictions.
The prices across regions have spurt on the back of rally in raw material (Iron ore & Pellet) prices, which have surged by around INR 1,000-2,000/t this week. This led to a sharp surge in input cost of mills following which semis & finished long steel prices through the mid-size

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