Domestic steel prices have witnessed strong traction over the last eight to nine months, registering a sharp increase in the aforementioned period. Currently, domestic hot rolled coil (HRC) prices (ex-Mumbai) are at | 62500/tonne, up 71% from the July 2020 low of | 36500/tonne. Healthy traction was witnessed in international steel prices also. Over the last three months, Chinese steel HRC export price has increased by 35% to US$890/tonne in April 2021 from US$660/tonne in January 2021. Healthy demand both on the global as well as domestic front has aided this uptick in...