08
Jul
11:20
Indian steel, raw material prices decline in H1
Six months into 2024, Indian steel and raw material prices have notably cooled off, with raw material prices seeing a sharper decline than semi-finished and finished steel products, notes Kallanish.
Domestic low-grade (57% Fe) iron ore fines saw the steepest drop between January and end-June, down 32% to INR 2,900-3,000/tonne ($35-36) in Odisha, while export prices fell 29% to $62-63/t fob.
India, a major iron ore exporter, primarily to China, has seen dampened …
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Anonymous
Very good overview of the weekly steel market.
Anonymous