Author: Pratibha Bajaj
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India: Steel prices touch unprecedented levels in Jan’21
Major Indian steel mills have announced a substantial increase in flat steel prices by around INR 2,000-5,000/t in Jan’21. Effective (exy – Mumbai) prices by major steel mills: Factors driving the price hike: 1.Increase in raw material prices India’s state-owned iron ore miner – National Mineral Development Corporation (NMDC) has announced a price hike in iron…