06
Oct
13:34
Excess supply to curb Indian price hikes: Ind-Ra
Indian domestic steel prices are unlikely to sustain recent strong increases due to a production surplus amid subdued demand from the automotive and infrastructure segments, according to India Ratings and Research (Ind-Ra).
Domestic 2.5-8mm thick hot rolled coil prices in Mumbai moved up to INR 40,800/tonne ($556) in mid-September from INR 39,500/t in mid-August. Ex-Delhi 12-25mm diameter rebar rose to INR 41,750/t from INR 38,500/t in that period. The growth was …
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Anonymous
Very good overview of the weekly steel market.
Anonymous