Tag: Indian steel prices (May’23-May’24)

All steel and raw material prices up-trended m-o-m in May, 2024 as the supply-demand imbalance was restored after mills went ahead with production cuts. Imported South African coal rose by 11%, followed by pellets, at 9%. Imported scrap remained flat m-o-m. Finished steel prices may see a further uptick in June although there is a…