STEEL SAYS TO THE WORLD – I MAKE PEOPLE HAPPY WHO INVEST IN ME.

STEEL SAYS TO THE WORLD – I AM NOT HERE TO SURGE OR PLUNGE AGAINST ANY OTHER METAL.

I AM JUST HERE FOR BUSINESS , SINCE MACHINES CANT BE MADE OUT OF GOLD.

I MAKE PEOPLE HAPPY WHO INVEST IN ME.

DOMESTIC STEEL CONSUMPTION LOW OVER 1Q DUE TO SECOND COVID WAVE. FINISHED STEEL CONSUMPTION IN APRIL STOOD 23% LOW MONTH ON MONTH BUT STILL PRICE IS HIGHER.

SINCE STRONG EXPORT DEMAND AND HIGH INTERNATIONAL PRICE WOULD ENABLE STEEL PRICE TO BE HIGH IN DOMESTIC MARKET.

THE PRICE OF HOT ROLLED COIL INCREASED TO Rs 70,000 /MT AS COMPARED TO Rs 45,000 AT THE SAME TIME LAST YEAR.

IRON ORE PRICE JUMPED 156 PERCENT TO Rs 6,560/ MT IN APRIL BEGINNING COMPARED TO Rs 2,560 A YEAR BACK.