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    M
    Metal and Mining
    SECTOR | 17 Mar 2023

    Steel: China demand revival sparks optimism

    buy
    Metal and Mining
    by ICICI Securities Limited
    ICICI Securities Limited
    HRC prices in traders’ market have sustained at Rs60,000/te for third week in a row on positive global cues and signs of demand revival in China. Spot spread was aided by coking coal price dropping to US$322/te. Rebar-HRC premium has contracted further to Rs1,740/te- lowest since Nov-22 owing to firm global HRC prices.
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    IDBI Capital released a Sector Update report for Metal and Mining on 01 Oct, 2025.
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