Steel prices hit 5-year low! Value drops sharply; top factors for steep fall
Domestic steel prices have hit a five-year low, with HRC at Rs 47,150 and rebar between Rs 46,500-47,000 per tonne. This decline is driven by rising imports, weak export demand, and global oversupply. Despite government measures, India remains a net steel importer, prompting discussions on policy support.🕒 1 min read
Domestic steel prices have hit a five-year low, with HRC at Rs 47,150 and rebar between Rs 46,500-47,000 per tonne. This decline is driven by rising imports, weak export demand, and global oversupply. Despite government measures, India remains a net steel importer, prompting discussions on policy support.
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