Volatility in steel prices to continue in medium-term: SteelMint
The Hindu
Last week, steel makers increased the prices of hot-rolled coil (HRC) by ₹1,400 to ₹60,700 per tonne from ₹59,300 a tonne on February 22, the research firm said in a report
The volatility in steel prices is likely to continue in the medium-term due to the impact of geopolitical situation on supply-chain logistics, according to SteelMint.
Last week, steel makers increased the prices of hot-rolled coil (HRC) by ₹1,400 to ₹60,700 per tonne from ₹59,300 a tonne on February 22, the research firm said in a report.
In the last six months, the steel prices have not been stable. The user industry has been witnessing price revisions on a weekly basis.
"The volatility in the prices is likely to continue in the medium-term on account of geo-political situations across the globe impacting the supply chain," SteelMint said.
This situation has led to changing supply-demand scenarios impacting prices of raw materials and logistics, it said.
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