Steel prices up ₹500/tonne on high raw material cost
After two successive weeks of decline, hot rolled coil prices (HRC) increased by ₹500 a tonne to ₹59,700 on high coking coal cost and robust global steel prices. Spot spread (difference between spot and contract prices), however, continues to languish at an eleven-month low level. Going ahead, traders expect a price hike of ₹1,000-1,500 a […]