Steel 360 - December 2021
Steel 360 - December 2021
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India's leading steel mills have announced a downward price correction.
What led to the revision?
Global steel prices have been correcting for around a month now, dragged
down by lower thermal and coking coal and met coke prices, exerting
pressure on domestic mills. Even though Chinese steel futures have
remained stable since early-November, prices are not likely to revise
upwards soon because of Chinaâs production cuts and an overall lack of
demand as it, along with western countries, enter deep winter, a lean
construction period. Moreover, China is not encouraging too much of
carbon-spewing industrial activity ahead of the Winter Games.
Raw material prices have eased for Indian mills over November, putting
less pressure on production costs. The Australian premium low vol HCC
coking coal lost around $90/t over last fortnight while NMDCâs iron
ore lumps prices dropped to eight-month lows while global spot prices
of the benchmark Fe62% fines declined to $98/t levels from previous
stratospheric highs of $230/t. Import prospects are up with the drop in
global prices since landed costs are lower than domestic.
Our Cover Story focuses on the Indian Associationâs current views and
outlook. Read the full interview with Alok Sahay, Secretary General and
Executive Head of ISA, inside.
Steel 360 Magazine Description:
åºç瀟: Steel 360
ã«ããŽãªãŒ: Business
èšèª: English
çºè¡é »åºŠ: Monthly
Steel 360 is a monthly magazine covering the metal and mining industry in India. The magazine has a readership of 50,000+ across the globe in the metal and mining fraternity across the country (print circulation only in India). Each issue of the magazine carries a highly informative cover story; write-ups on trending topics, market prices & offers, current news from the metal & mining industry, latest technology trends, columns from industry veterans, import-export statistics, information on upcoming events and much more.
The magazine is a comprehensive handbook to numerous Managing heads, Directors, CEOs, Technical Heads, Marketing/Purchase/Sales Managers, Analysts and other key decision-makers at various business groups in the metal, mining, research, financial services, infrastructure and other related sectors.
Web: https://www.steel-360.com
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