Steel demand deficit stood at 43% in June

By: |
July 13, 2020 2:45 AM

Crude steel output fell 27% YoY (May -39%), with production improving MoM both for integrated and secondary steel producers.

While steel mills have hiked HRC prices, they are still 8/4% below China/FTA nations' import parity prices.While steel mills have hiked HRC prices, they are still 8/4% below China/FTA nations’ import parity prices.

June-2020 apparent steel demand fell 43% YoY (-48% in May).

Crude steel output fell 27% YoY (May -39%), with production improving MoM both for integrated and secondary steel producers.

While steel mills have hiked HRC prices, they are still 8/4% below China/FTA nations’ import parity prices.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Quad countries deliberating on common approach on 5G technology
2US-China row: US imposes curbs on exports to China’s top chipmaker SMIC
3NITI working on index to foster competition in power distribution: Vice-Chairman Rajiv Kumar