01
Oct
12:28
India margin pressure eases, demand needs boost: Ind-Ra
India needs a substantial pick-up in consumer demand and government and private sector spending to arrest the fall in steel demand. However, the reduction since end-July in coking coal and domestic iron ore prices will provide major respite to Indian steel players. So says India Ratings and Research (Ind-Ra).
Indian domestic crude steel production declined -3.7% on-month in August. This was due to sluggish domestic demand from end-user segments, including automo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous