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, Check out latest IPO News, Best Performing IPOs, 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
1Air India pilots plea against reduction in allowances: HC seeks response of Centre, DGCA and airline
2HDFC Bank penalises its executive for inadvertently selling shares
3‘Not a single NPA in three decades’: Adani Group rebuts allegations of not paying bank loans