Steel prices at 4-year high; trend to continue in H2: ReportDomestic steel prices have reached a four-year high, driven by costlier raw materials. Hot rolled and cold rolled coil prices have signific...
Domestic steel prices likely to stay firm as demand recovery, supply constraints support market: ReportDomestic steel prices are expected to remain firm this September. Post-monsoon construction activity is gradually recovering, supporting de...
Motilal Oswal sees surging steel prices to offset cost inflation for metal majors. Here are its top stock picksMotilal Oswal expects firm steel prices, lean inventories and resilient demand to support a shift toward pricing- and cost-led earnings gro...
Indian steel prices set to rise further on coking coal costs, demand revivalIndian steel prices are expected to increase in the coming weeks. Post-monsoon demand from infrastructure and automotive sectors will tight...
Steel demand outruns capacity as prices stage comeback from monsoon slump: KotakDomestic steel demand is projected to remain strong, exceeding capacity additions through FY2029. Robust consumption trends are supported b...
Monsoon tests India's steelmakers as prices head in opposite directions: ReportDomestic steel prices are expected to remain mixed in the coming months. Long steel prices will likely stay under pressure due to monsoon d...
JSW Steel Q3 Preview: PAT may fall by up to 87% YoY on lower HRC realisations, revenue declineJSW Steel’s Q3 revenue is estimated between Rs 38,581 crore and Rs 41,750 crore, factoring in projections from Nuvama, Elara, and Kotak Ins...
India to outpace major steel-consuming economies with 8-9% demand growth in 2025: CRISILIndia's steel demand is projected to grow by 8-9 percent in 2025. This growth is driven by increased steel-intensive construction in housin...
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...
Steelmakers hike rebar, HRC prices by Rs 1,500-Rs 2000 a tonne as coking coal costs surgeThis is the fourth round of increase in March. Effective price for HRC stands at Rs 72,500 73,500/t and CRC price stands at Rs 78,500-79,00...
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 makers hike prices of HRC, CRC by up to Rs 4,500 per tonneAfter the price revision, a tonne of HRC will cost Rs 67,000 while the buyers will get CRC for Rs 80,000 per tonne.
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...
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 ...
- HRC sales may bypass trader channels
In yet another exercise to control steel prices, the government may ask primary steelmakers such as SAIL, Tata Steel, JSW Steel etc. to sel...
- Secondary steel makers cut prices on lower duty
Secondary steel producers, including Delhi-based Bhushan Steel and Mumbai-based Uttam Galva, have decided to cut down the prices of cold-ro...
- Export levy grip on steel may loosen
The government is considering to exempt cold rolled coils (CRC), galvanised products and tubes & pipes from the levy of 10% export duty if ...