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    M
    Metal and Mining
    SECTOR | 27 Aug 2023

    Steel: Stable prices; spreads impacted by rising coking coal prices

    buy
    Metal and Mining
    by ICICI Securities Limited
    ICICI Securities Limited
    HRC prices in the traders’ market rose slightly by INR 50/te in the week ended 23rd Aug’23 on expectations of demand pick-up and low channel inventory. Spot spread however edged slightly lower as coking coal prices also rose by USD 3/te WoW (12% over last one month).
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    IDBI Capital released a Sector Update report for Metal and Mining on 01 Oct, 2025.
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