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
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