17
Jun
13:54
Indian mills mull maintenance shutdowns amid deteriorating demand
Following the steel export duty imposition, India’s domestic market has witnessed a sharp fall in steel prices, and sentiment has turned favourable for downstream units. This, however, is impacting large steel producers, who have surplus inventories that can be shifted only in the domestic market. Some are heard preferring temporary shutdowns over selling steel at low prices.
“We got some updates that major finished flats exporting mills will be in a p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous