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STEELMINT PRICE
Domestic steel TMT rebar prices cool off to two-year low; trend to continue: SteelMintTMT rebars prices are at a 24-month low, with rates of TMT bars produced through blast furnace (BF) at Rs 51,400/tonne level and rebars man...- India's steel output grows 8.37 pc to 33.63 MT in Apr-Jun; upward trend to continue: SteelMintIndia's crude steel production increased by 8.37 per cent in April-June period to 33.63 MT and the momentum is likely to continue in the cu...
- Steel trade dips on expectations of price cutsActivity in the steel trade market in India has slowed significantly as buyers hold back from stocking up on materials on expectations of p...
- Crude steel output grows 4% in FY23A SteelMint analyst attributed increasing infrastructure activities to higher production and consumption of steel in India.Steel exports fe...
- Volatility in steel prices to continue in medium-term: SteelMintIn the last six months, the steel prices have not been stable. The user industry has been witnessing price revisions on a weekly basis. "Th...
- Steel prices climb to three-month high of Rs 56,900 per tonne in Jan: SteelMintAccording to SteelMint data, the price of per tonne hot rolled coil (HRC) was Rs 56,000/tonne in November. The steel makers in December sla...
- Steel industry hails move to scrap export duty on steel, iron oreJust as suddenly as the government had levied an export duty of 15% on most key grades of steel and 45-50% on raw materials like iron ore a...
- Steel prices fall 40 pc in last six months to Rs 57,000/ton: SteelMintThe steel prices in the domestic market peaked at Rs 78,800 per tonne in April. After 18 per cent GST levy, the price was about Rs 93,000 p...
- NMDC hikes lump ore rate to Rs 4,100 per ton; fines at Rs 2,910In its last price revision announced on July 12, NMDC had slashed the prices of lump ore and fines by Rs 500 per tonne each to Rs 3,900 and...
- 'Boron' comes to rescue of steel companies hit by export levyAt a time when a new 15% export duty on steel has brought sale of the alloy overseas under pressure, one exception has come to the rescue o...
- Steelmakers find a ‘boron’ exception from new 15% export dutyTo be sure, some export of steel also happened after paying the 15% duty as not all customers were willing to accept boron-added steel. Esp...
- 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 likely to go up again from July 1 on high input cost: JSPL MDThere are various other factors building pressure on steel makers, Sharma said, adding there are issues with the availability of coal. Rake...
- Steel levy: Smaller players gain, but big companies sufferSmaller steelmakers benefited from the duty changes as their costs went down and they had little adverse impact on business, while large st...
- Small steelmakers cheer input cost cut as big rivals fret over export dutySmaller steelmakers benefited from the duty changes as their costs went down and they had little adverse impact on their business, while la...
- Steel mills may be forced to take maintenance shutdowns as demand dips sharply following export duty levyThe export duty, imposed to check rising inflation in the country, has resulted in volatile steel prices in the domestic market. Now, trade...
- Steel, fuel prices to impact domestic steel demand in coming quarters: SteelMintWhile hot-rolled coil (HRC) is quoting in the range of Rs 76,000-77,000 per tonne, cold-rolled coil (CRC) is costing between Rs 85,000-86,0...
- 'Steel prices will continue to move up as Ukraine-Russia conflict hits supply chain'The prices in the international market have moved up by around USD 135 a tonne and are moving up since the conflict started in the last wee...
- NMDC cuts iron ore prices by ₹200/tonne as steel prices fallSteel Research and analysis firm, SteelMint reported on Sunday that the NMDC’s Baila Fe 65.5% iron ore lump prices have come down by ₹200 a...
- Odisha miners raise iron ore prices as expiry of mining leases draws closerPrices could further rise by as much as 15% over the next three months given the high price differential between domestic and imported iron...
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