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CHINESE HRC
Steel demand to grow 8 per cent in FY26 amid price pressures: IcraIn a report, Icra projected the industry's operating margin to remain flat at about 12.5 per cent in FY26, lower than earlier expectations ...- Aditya Welekar on 4 non-ferrous metal and steel stocks to bet onMetal stocks are poised for growth. Aluminum is key for electric vehicles and renewable energy. Axis Securities recommends Hindalco and Nal...
- September price hike of Chinese steel will provide relief for Indian manufacturers: ReportChinese hot-rolled coil (HRC) steel prices have risen, shifting Indian domestic HRC prices from a premium to a discount. This may provide r...
- Why Aditya Welekar continues to be negative on steel stocksAditya Welekar from Axis Securities suggests that increasing the import duty on steel could positively impact Indian steel prices, though t...
- Moderately valued’ metal stocks shine on boursesOn Monday, metal stocks rose, driven by moderate valuations and an anti-dumping investigation on Vietnamese hot-rolled coil imports. The Ni...
- Low domestic demand, Chinese dumping depress steel pricesBesides these, sustained Chinese steel output is also eating into India's share of metal exports to Vietnam and the United Arab Emirates (U...
- Local steel prices may fall further on China exportsSteel prices are expected to see a further dip in the domestic market after a sharp surge in exports from China.
- Local steel prices may fall further on China exportsAt around Rs 57,000 per tonne, prices of hot-rolled coils in May are down by nearly 3-4% from April, and over 17% lower year on year. Steel...
- Amidst crippling western sanctions, Russian steel finds its way to Indian shoresSteel from Russia has landed on Indian shores, according to people aware of the development, much to the chagrin of domestic steelmakers, a...
- Steel prices may face pressure from falling international prices: Ind Ra“While prices are at a high point, they are likely to face pressure from a continual decline in global HRC prices due to a sluggish Chinese...
- Steel companies cut prices to spur demandIndia's top primary steelmakers have reduced prices on the benchmark hot-rolled coil (HRC) by up to 3% for July, halting the pace — and seq...
- Indian steel exports to see a jump as China withdraws export rebates: ICRA“Given the strong demand, export rebate cuts, the Chinese Government’s intent to keep steel capacities under check…China may not have exces...
- Indian steel prices to soften in the near term: AnalystsDomestic hot-rolled coil (HRC) prices rose about 54% during July-December 2020, on the back of a strong recovery in domestic demand and a s...
- Weak demand, oversupply and price decline to hit Indian steel industry: Ind-RaLarge steel players were operational at lower utilisation levels during the lockdown and due to a dull domestic demand, companies increased...
- Steel firms’ profits may improve in H2: IcraICRA estimates the industry’s operating margin to decline to around 18% in FY20.
- Spurt in global steel prices to boost export earnings of Indian firmsBenchmark prices of Chinese hot rolled coil (HRC) export offers rallied by over 30% between June and August 2017
- Further drop in steel imports to help domestic mills regain lost market shareDomestic hot-rolled coil (HRC) prices witnessed a drop in July 2016 on account of weak demand and subdued Chinese export prices.
- Extending minimum import price for flat steel too little, too late: ICRAOn expiry of the six months validity of the minimum import price levied on steel imports, government extended the MIP further by a period o...
- Safeguard duty may provide temporary relief to steel sectorThe proposed duty of 20 per cent would be applicable on import of hot-rolled flat products of non-alloy and other alloy steel with a width ...
- China’s steel prices up 20% on output cuts, festive demandThanks to a spate of production cuts, prices of steel products, such the benchmark hot-rolled coils, in the key Chinese market have shot up...
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