Tag: SteelMint Morning Brief
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Indian mills ride stock depletion, eye further price hike in longs
Indian steel mills are bracing for a price hike in long products, by about INR 1,000/t anytime after 15 Aug’21, SteelMint learnt from sources. If this happens, it will be the second in the current month since mills had opted for INR 1,000-1,500/t price increase in the first week of Aug’21. “Rebar prices will probably…