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Updated Mar 04, 2021 | 13:24 IST
Morgan Stanley says Indian steel producers could increase prices supported by strong demand and higher international prices. It sees maximum upside potential in JSPL and SAIL. (Representational Image) | Photo Credit: iStock Images
Key Highlights
Morgan Stanley expects a price hike of US$10-15/t could come for flat products. For long products, secondary market prices have recovered by Rs 5,500/t from the bottom in early Feb-21
Post the Budget, steel prices stayed put which increased the discount to import parity price. Now with demand increasing, international prices improving there is scope for price hikes
Mumbai: Morgan Stanley believes Indian steel producers could increase prices supported by strong demand and higher international prices. The foreign brokerage sees maximum upside potential for JSPL & SAIL.