Steel sector players are facing some heat owing to high input commodity prices as finished steel products have begun to decline since April after the Russia-Ukraine war broke out. Prices in the long products segment have declined on an average of 10-15 percent to Rs 57,000 per tonne in the Kolkata market from a high .
"Steel prices are finally set to correct on weak seasonality, and may trade at around Rs 60,000 per tonne by the end of the current fiscal year", rating agency Crisil said in its latest report.
Steel sector players are facing some heat owing to high input commodity prices as finished steel products have begun to decline since April after the Russia-Ukraine war broke out. Prices in the long products segment have declined on an average of 10-15 per cent to Rs 57,000 per tonne in Kolkata market from a high of Rs 65,000 a tonne. Coal, which is a key raw material for the
Steel sector players are facing some heat owing to high input commodity prices as finished steel products have begun to decline since April after the Russia-Ukraine war broke out.