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Raw materials fuel Indian steel price rise in Jan


January saw steel-making raw material prices headed north which influenced semi- and finished selling prices. SteelMint goes behind the uptrend.
Coal: The bi-weekly index tracking the average portside ex-Gangavaram prices of the South African RB2 5500 NAR rose 18% m-o-m in Jan'22 to INR 12,980/t against INR 11,000/t in Dec'21, mainly due to logistics issues at South Africa's rail network, Transnet. This constricted movement to Richards Bay Coal Terminal for onward


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