Despite the global steel market's unpredictability, Indian steelmakers are expected to perform well due to increased infrastructure development, urbanization, and favorable policy reforms boosting domestic steel demand.
Indian steel majors have raised the price of steel between Rs 500 and Rs 800 a tonne in the wake of higher input costs and shortage in the international markets as coronavirus have hit China's steel production.
Fitch Solutions Macro Research on Tuesday said it has revised downwards its 2019 global steel price forecast as global prices continue to be hammered by poor sentiment amid ongoing US-China trade tensions and increasing downside risks to the global economy.
Mumbai, Aug 23 : Domestic steel majors are expected to hike prices further in October following the likely improvement in industrial and infrastructural construction activity, according to an industry report. “We expect steel companies to hike
IPL 2024, MI vs SRH Dream11 fantasy team: Mumbai Indians vs Sunrisers Hyderabad Dream11 prediction
Karnataka: HD Revanna sent to 4-day police custody in kidnapping case linked to obscene videos row
Fire breaks out at Islamic Research Institute in Jammu and Kashmir's Anantnag
Ravindra Jadeja breaks MS Dhoni's massive record for CSK in IPL history after brilliant show vs PBKS
Tejashwi Yadav takes a dig at NDA on Anant Singh, says ' he is criminal with us, saint with JDU'
Congress targets PM Modi on ticket to Brij Bhushan's son, says 'he again failed India's daughters'
MS Dhoni creates history, becomes first player in IPL to achieve massive record
Bernard Hill, best known for films Titanic and The Lord of the Rings dies at 79
Top News
Latest News
