02
Jul
15:23
Indian margins to tighten further on oversupply: Ind-Ra
Indian mill margins are expected to tighten further in the September quarter, as steel prices drop on oversupply, according to India Ratings and Research (Ind-Ra). Domestic production will gradually increase with the easing of lockdown restrictions, but there will be no corresponding increase in steel demand.
Rebar spreads, which have so far contracted more than hot rolled coil due to intense competition, are likely to be less impacted over the near term till the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous