14
Feb
08:16
Indian coil to rise $40-50, but overcapacity remains
Indian domestic hot and cold rolled coil prices should recover by $40-50/tonne in the coming months as a result of the recently-imposed minimum import price (MIP), according to credit rating agency ICRA. Prices hikes will be tempered, however, by local overcapacity and muted demand growth.
Indian steel capacity utilisation is currently at 75%, while 10-15 million tonnes/year of additional capacity is in the process of being commissioned. Meanwhile, local demand …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous