Indian steel, raw material prices encounter gloomy Nov. Will 2024 close on brighter note?

Source: BigMint Dec 09, 2024 08:30

Rebound in demand fails to materialise. Iron ore bucks downtrend, tags rise 2-3%. Coking coal, HRC prices remain stable.

Morning Brief: India's steel and raw material markets witnessed a largely gloomy November, unable to shake off the post-Diwali lethargy. Mixed trends were observed, with nine of the 17 commodities tracked trending down m-o-m. Exceptions included iron ore, which rose 2-3%, and blast furnace (BF)-route rebars, which witnessed a marginal