ADVERTISEMENT
2020 Likely To Be Better For Indian Steelmakers. But There’s A Risk.
Domestic steel prices have risen 8 percent from their October lows. Will the trend sustain?
10 Jan 2020, 09:42 AM IST
Indian steelmakers may continue to hike prices of the alloy in the next couple of months as global prices rise and raw material costs increase.Domestic steel prices are up 8 percent from their October low. JPMorgan expects the trend to sustain, led by restocking by dealers in anticipation of construction activity picking up in the seasonally strong March-April period.Citi Research estimates the benchmark hot-rolled coil prices to ris...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Free
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT