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Teji Mandi Explains: Steel price heats up, further hike expected


Teji Mandi Explains: Steel price heats up, further hike expected
The country lockdown, slowed economy, and higher inventory have caused a turmoil in the majority of the sectors. Steel space has been influenced more by the international market. In today’s feature, we are going to understand what’s causing the steel price hike.
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The steel price hike has inflated since May after a rebound in Chinese steel futures. Now, India is also mulling at a price hike to avoid losses and help companies stay afloat. Earlier, the Indian steel companies had shot up the price of hot rolled iron by Rs 4,000 to Rs 67,000/tonne. Jefferies report says that flat steel/coated products will see a price hike of Rs 3,250-10,000/tonne in the coming week. ....

Teji Mandi , Teji Mandi Explains , தேஜி மண்டி ,

Steel News Roundup_SMM | Shanghai Non ferrous Metals

China's National Development and Reform Commission (NRDC), General Administration of Market Regulation, MIIT, SASAC, and CSRC held a meeting to give instructions to key enterprises in iron ore, steel, copper, and aluminium industries. ....

Iron Ore , இரும்பு ஒரே ,

Daily crude steel output at CISA key mills fell 1.59% in mid-May_SMM

The China Iron and Steel Association (CISA) reported that crude steel output across major mills in China averaged 2.38 million mt per day in the second ten days of May, down 1.59% from early May and up 14.37% from the same period a year ago.

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Production Data , Crude Steel , ப்ரொடக்ஶந் தகவல்கள் , கச்சா எஃகு ,