Page 8 - Steel Prices

After 6% rise in Jan, steel mills see room for more price hikes next month

Prices of other raw materials have also risen significantly in the past six months

Flat steelmakers pause price hike in Oct over rate decline in China

NMDC has revised prices downwards by Rs 100 to Rs 2,300 for lump ore

Chinese demand drives domestic steel prices

After August 1, flat steel producers are planning another hike next month

Rising demand allows steep rise in steel prices

Flat steel producers have raised prices (effective August 1) up to Rs 3,000 a tonne, one of the steepest in recent times. Last month prices were raised by about Rs 1,500 a tonne. With improving demand, these have moved ahead of raw material prices, signalling the industry's stronger grip over the market. Helped by a surge in international prices. In the past 30 days, the latter have increased by about $100 a tonne; China has raised by 4.4 per cent this year, as opposed to 0.1 per cent last year. A steel producer said there was also a strong demand revival in the domestic market, partly due to the approaching festive season and due to restocking after clearing of uncertainties in the post-goods and services tax scenario. Producers do not rule out another increase towards the middle of the month. "We see domestic demand for steel continuing to rise, as government spending has moved up in areas such as solar energy, water and transmission pipes. Due to this, domestic prices have the ...

Steel prices see correction in May due to weak demand

According to a recent Icra report, prices of hot rolled coil corrected by around Rs 2,750 a tonne

Steel firms plan biggest price hike from January

To raise prices by Rs 6,000 per tonne on huge cost-push

Health of domestic steel industry critically depends on government's decision on MIP: ICRA

Domestic steel price increase of 25% till mid-June would have led to better profitability of steel companies in June quarter