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 […]
Iron ore exports pick up in December 2022
A month-after withdrawal of iron-ore export duty, exports jumped seven-fold on a sequential basis in December. Nearly 2.26 million tonnes (mt) of iron ore were exported last month, the third highest monthly bookings reported so far this fiscal. On a year-on-year basis, exports increased by nearly 500 per cent, trade data suggests. In December 2021 […]