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Steel Price Spike Due To Unanticipated Rise In Demand: S&P Global Platts


Steel price spike due to unanticipated rise in demand: S&P Global Platts
Keith Tan said the customs duty exemption announced in Budget 2021 could give India’s national scrap policy a boost by exposing buyers to greater volumes and varieties of scrap from various origins, which would compete with and spur the domestic scrap collection and processing industry.
February 03, 2021 / 05:21 PM IST
The spike in steel prices is due to supply shortages as steelmakers had not expected demand to bounce back so rapidly, Keith Tan, Senior Pricing Manager- Metals at S&P Global Platts told Moneycontrol.
A part of it (price rise) can also be attributed to a recovery in raw material prices, led by strong demand from countries like China and India,” Tan said. ....

United States , National University Of Singapore , Keith Tan , Senior Pricing , Iron Ore Index , National University , South Asia , Lunar New Year , South America , ஒன்றுபட்டது மாநிலங்களில் , தேசிய பல்கலைக்கழகம் ஆஃப் சிங்கப்பூர் , கேய்ட் பழுப்பு , மூத்தவர் ப்ரைஸிஂக் , இரும்பு ஒரே குறியீட்டு , தேசிய பல்கலைக்கழகம் , தெற்கு ஆசியா , சந்திர புதியது ஆண்டு , தெற்கு அமெரிக்கா ,