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    Vikshita Vitthal Gujaran in News

    08-Mar-2023 02:26 PM


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    Volatility in steel prices to continue in medium-term: SteelMint

    The volatility in steel prices is likely to continue in the medium-term due to the impact of geopolitical situation on supply chain logistics, according to SteelMint.
    Last week, steel makers increased the prices of hot-rolled coil (HRC) by Rs 1,400 to Rs 60,700 per tonne from Rs 59,300 a tonne on February 22, the research firm said in a report.
    In the last six months, the steel prices have not been stable.
    The average price of HCC stood around USD 263 tonne in the first week of December.
    While iron ore is sourced is available from domestic mines, for coking coal steel producers remain dependent on imports.

    Source -https://www.moneycontrol.com/news/business/economy/volatility-in-steel-prices-to-continue-in-medium-term-steelmint-10214991.html