Steel Prices Hit Four-Year High, Expected to Continue

The Hindu - Business · business

Domestic steel prices have surged to a four-year peak, driven by increased raw material costs, particularly coking coal, and rising post-monsoon demand. Hot rolled coil and cold rolled coil are now trading at ₹64,000 and ₹75,000 per tonne respectively, levels last seen in June 2022. This upward trend is projected to persist through the remainder of the fiscal year, impacting sectors like construction, infrastructure, and automotive.