Steel prices down from historical highs

By: |
August 09, 2021 3:00 AM

But steel prices have declined from the historical highs of July 2021 despite the slight rise in global steel prices.

But steel prices have declined from the historical highs of July 2021 despite the slight rise in global steel prices.But steel prices have declined from the historical highs of July 2021 despite the slight rise in global steel prices.

Indian HRC trading prices rose Rs 1,400/t w-w to Rs 65,000-66,000/t (in Mumbai) in the week ending July 30, as consumers resumed buying in anticipation of price hikes in August 2021.

But steel prices have declined from the historical highs of July 2021 despite the slight rise in global steel prices.

In July 2021 (until July 30), steel prices fell ~3.5% m-m and were 3% off the peak.

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