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 the geopolitical situation on supply chain logistics, according to SteelMint.Last week, steel makers increased the prices of hot-rolled coil (HRC) by ₹1,400 to ₹60,700 per tonne from ₹59,300 a tonne on February 22, the research firm said […]
Thermal, coking coal prices likely to drop further
Thermal coal prices have dropped to their lowest since January 2022 on concerns over sluggish demand and they will likely rule lower than the highs seen in mid-2022. Prices of coking coal, used for making steel, are likely to drop too as they were driven by temporary supply disruptions last year. Higher production will also result […]
India’s coal production expected at 850-900 million tonnes in FY23
India’s coal production is expected to be in the range of 850-900 million tonnes (MT) in FY23, ending March, aided by the government’s push to meet the rising power demand in the world’s second biggest consumer of the key fuel.CareEdge in a report reiterated its expectations on India’s coal output in the current fiscal year […]