Rising Steel price - (Jab Steel Ka Bhav Badatha Hai , Profit Dikhta Hai To Koi Bhi Jhukta Hai)

Raising Steel price and on other side with more lead time for delivery will hit all industries heavily.

For the past 12 years of my experience in selling white metal and black metal in the international market , I have not seen this much spike in steel price on day to day basis This inspired me to write about market.

Special materials like TI and zirconium are my favorite in selling since this are special items used for specific purpose, But now market has changed even black metal has become more costly.

Almost 30% rise in the price of steel seen from the second quarter this year.

Companies that are exporting may not be able to get a price rise at a time when steel prices in US and Europe have gone down.

Demand from other segments such as power, aerospace, oil and gas sector has not revived yet.

Steel companies are demanding advance payment, this is affecting cash flows in the market and small scale industries are affected more.

Happy Christmas to all , Will keep updating more