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    M
    Metal and Mining
    SECTOR | 27 Apr 2023

    Steel: Price dithers; spot spreads rise

    buy
    Metal and Mining
    by ICICI Securities Limited
    ICICI Securities Limited
    Spot HRC spread for sheet steel players has risen further in the week ended 26th Apr’23 compared to last week on falling coking coal prices. While HRC prices are broadly stable WoW in the traders’ market, coking coal prices are down by a further US$13/te, lowest since Aug’22.
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