Steel Market Is Still Bleeding

Market Ka Masala Na 4 Cheezo Se Banta Hai

1) Pehla Tip

2) Khabar In trading

3) Research

4) Thoda Risk Mila

Risk Jitna Zyada Utna Hi Chatpata Market Teekha

Market Technical Analysis Details Of Steel Price:-

1. Dec 2019 – 14%

2. Jan 2020 – 28%

3.Feb 2020 – 36%

4. March 2020 – 12%

5.April 2020 – 5%

6.Beyond April 2020 – 5%

Steel production in 2018-19 stood at 106.56 MT, a growth of 3.3 per cent over 103.13 MT in 2017-18

Estimated that the steel production in India will reach 128.6 MT by 2021 and its consumption will increase to 140 MT by 2023.

• Another round of increases is predictable, whether it’s a formal announcement or not.

• Mills will raise prices for January 2020 and will be keep going on till March 2020.

Major Players in Steel Coil based on Market Selling

• China Baowu Steel Group

• POSCO

• Nippon Steel and Sumitomo Metal

• ArcelorMittal

• Shougang

• Hyundai Steel

• Ansteel Group

• JFE Steel Corporation

• Benxi Steel Group

• Hesteel Group

• United States Steel Corporation

• Nucor Corporation

• China Steel Corporation

• Shagang Group

• Steel Authority of India Limited

• Tata Steel

• NLMK Group

• Maanshan Steel

• ThyssenKrupp

• JSW Steel Ltd

• Valin Steel Group