Login

News on Medial

Steelmakers raise long product prices amid uptick in domestic demand, uncertainty over China's stimulus bid

Money ControlMoney Control · 28d
Steelmakers raise long product prices amid uptick in domestic demand, uncertainty over China's stimulus bid

Indian steel manufacturers, particularly for long products like rebar and wire rod, are increasing prices in order to maintain control over pricing mechanisms and counter import pressures from countries like China and Vietnam. The domestic demand for steel has picked up after the parliamentary elections, driven largely by the real estate sector and government tendered road projects. The recent stimulus measures in China have raised hopes for Indian metal industry players, as it is expected to reduce import pressure. However, market sentiment remains cautious and a sustained price rebound will depend on further policy support and improvement in real estate demand.

1
View Source

Comments

More Like this

Govt in talks to tackle rising steel imports: Steel minister Kumaraswamy

Govt in talks to tackle rising steel imports: Steel minister Kumaraswamy

Marico sees single-digit volume growth on rural demand; crude oil a 'potential uncertainty'

Marico sees single-digit volume growth on rural demand; crude oil a 'potential uncertainty'

Nvidia cuts China prices in Huawei chip fight, sources say

Nvidia cuts China prices in Huawei chip fight, sources say

India sees one of the highest ever iron-ore buying by China in April - Feb period

India sees one of the highest ever iron-ore buying by China in April - Feb period

E-commerce GMV grows 5% in Q1 amidst offline retail surge; new categories adoption to slow down

E-commerce GMV grows 5% in Q1 amidst offline retail surge; new categories adoption to slow down

FMCG firms report single-digit volume growth with better margins in December quarter

FMCG firms report single-digit volume growth with better margins in December quarter

Alibaba and Baidu slash AI model prices amid cloud computing price war

Alibaba and Baidu slash AI model prices amid cloud computing price war

Post-poll pickup in capex will drive steel demand: JSW Steel CEO

Post-poll pickup in capex will drive steel demand: JSW Steel CEO

China's Didi swings to third-quarter profit, to buy-back $1 billion worth of shares

China's Didi swings to third-quarter profit, to buy-back $1 billion worth of shares

Peak XV-backed Skillmatics to increase focus on domestic sales amid tailwinds

Peak XV-backed Skillmatics to increase focus on domestic sales amid tailwinds

Download the medial app to read full posts, comements and news.