Tag: India Flat Steel prices and Statistics

  • Why Indian Steel Prices May Not Fall from Current Levels?

    Why Indian Steel Prices May Not Fall from Current Levels?

    Indian steel prices (both longs and flats) observed a gradual correction in last few months on several factors like liquidity issues, subdued auto and real estate demand. According to SteelMint’s assessment rebar prices have corrected by INR 2,000/MT (USD 28/MT) and HRC prices by INR 2,700/MT (USD 38/MT) in last 3 months. Although further downside from…