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    M
    Metal and Mining
    SECTOR | 07 Sep 2023

    Steel: Prices rise across products

    buy
    Metal and Mining
    by ICICI Securities Limited
    ICICI Securities Limited
    HRC prices in traders’ market rose by INR 900/te while rebar prices in primary market rose by INR 2,500/te in the week ended Sep 06, ’23, mirroring the hike taken by major steel producers. Despite coking coal price rising 2% WoW, spot spread inched up on a positive price-cost spread.
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    IDBI Capital released a Sector Update report for Metal and Mining on 01 Oct, 2025.
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