Author: Nidhi Awasthi

Secondary steelmakers face margin pressure amid rising coal prices Buyers avoid aggressive stocking due to uncertain steel demand Iron ore prices in Karnataka on 14 May reflected divergent market dynamics amid continued weakness across the steel value chain. Low-grade fines (Fe 57%) remained largely unchanged w-o-w at INR 2,450/t ($26/t) ex-mines, as cautious buying sentiment…