Tag: India: Steel raw material prices show falling trend in Feb’24

Steel and raw material prices, reflecting the global trend, showed a marginal drop or remained flat m-o-m in February 2024 for the second month in a row, amid the continued tepid steel demand, geopolitical strains and the China factor. Thermal coal-the RB3 (4800 NAR) from South Africa-showed the steepest drop while silico manganese slightly bucked…