UTC+8 ( BJT)

WEEKLY: Indian steel prices fall amid dull demand

ABSTRACT

Indian semi-finished steel market remained dull on account of slow demand in finished steel products during the week 48 (22 Nov'21 to 27 Nov'21). The offers from mid sized secondary steel mills declined by INR 500-1,700/t across regions in the country.
Finished long steel prices sharply plunged by INR 500-2,000/t w-o-w, SteelMint assessment shows. Inventories are rising in mills as a result, selling pressure was observed in rebar section.   Moreover, domestic finished flat steel prices dropped further during this week due to the low demand from the buyers end as they are

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227