Steel prices hit four-year high on strong demand and restocking
Steel prices rose to a four-year high of ₹63,800 a tonne, up ₹1,600 w-on-w ended September 18, driven by trade and distributor restocking amid fears of further rallies. Rebar rose ₹2,300 w-on-w to ₹60,450 a tonne.
Steel prices climbed to a four-year high of ₹63,800 a tonne after rising ₹1,600 a tonne week-on-week in the week ended September 18, supported by restocking from trade and distributors amid fears of further gains in prices. Rebar prices increased ₹2,300 a tonne week-on-week to ₹60,450 a tonne.