In exercise of the powers conferred by the Essential Commodities Act, the Central Government has controlled the production, price and distribution of iron and steel mill products.K N P Rao
Iron ore costs and finished steel prices appear to be on a downward trend. As at Q4 2023, we expect the bottom of the price cycle (the next pricing trough) to occur in mid-2025. Why not check out our 2024 / 2025 market outlook to learn more?
CategoryRegionPrice HRB Steel Metals USA 1515 USD/MT In the fourth quarter of 2023, the price of the HRB steel in the United States reached 1515 USD/MT by December. HRB Steel Price Trend, Market Analysis, and News IMARC’s newly published report, titled “HRB Steel Pricing Report 2024: ...
Steel Price Trends Steel prices have been rising since mid-2020. The surge in demand in 2021 and limited supply further aided the price hike. The steel prices dropped in 2022 as the supply overtook demand. However, this trend again changed when the Russia-Ukraine war hit demand-supply dynamic...
LME nickel prices have risen by almost 10% since the end of March 2023 and the European nickel price was already above $25,400 per ton again in the.Read more Stainless steel alloy surcharges rise for May 2023 The news of rising stainless steel alloy surcharges may have been greeted as...
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We turn to the production of steel by large firms in India to ask: what technological innovation efforts are underway? What about the role of technology and innovation cooperation? Regarding the directionality of these pathways, to what extent could these efforts lead to green transformation of ...
The trend was evident especially in steel. According to analysts, the boost in steel companies' overall performance was supported by higher demand and firm prices in the international market. Essar Steel, Ispat Industries, Jindal Steel & Power and Sesa Goa are examples of this phenomenon. Non-...
For instance, under the Union Budget 2023-2024, the government of India allocated around USD33 billion for the Ministry of Road Transportation and Highways. Hence, such factors are driving the market growth during the forecast period. The growing product innovations in steel rebars is an emerging...
The region reported mixed trend in prices for various steel scrap categories. #1 HMS and Structural Steel scrap prices surged higher by 2.74% each. The prices of Structural Steel increased from $365 per MT at the start of the week to $375 per MT towards the end of the week. The prices...