Steel makers see fall in prices; opportunities emerge in export markets1 min read . Updated: 12 Sep 2022, 11:38 AM IST
Indian producers can capitalize on the opportunities in the export markets against the backdrop of the ongoing energy crisis in Europe
Operating conditions for steel manufacturers have deteriorated with a further fall in steel prices and rising coking coal prices. The demand environment continues to remain muted. Domestic hot-rolled coil prices fell by Rs700 per tonne week-on-week to Rs55,200 per tonne, said a report by Nomura Financial Advisory and Securities (India) dated 12 September quoting SteelMint. They further added that the average price in September so far is 3% below the average seen in August.
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