14
Apr
12:21
Indian inventories to grow, prices under pressure: ICRA
The trend of declining inventory levels seen at Indian steelmakers since last November is likely to reverse on account of blast furnace mills continuing to operate at reduced levels during the Covid-19-induced nationwide lockdown. So says credit rating agency ICRA.
Indian BF-based steelmakers have continued to run at 30-50% capacity utilisation, given the high costs that would be incurred with a shutdown, ICRA says. Mill inventories had fallen from 53 days last No…
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Anonymous
Very good overview of the weekly steel market.
Anonymous