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    M
    Metal and Mining
    SECTOR | 01 Nov 2023, 12:00AM

    Steel: Spot spreads on strong footing; longs to have legs post-Diwali

    buy
    Metal and Mining
    by ICICI Securities Limited
    ICICI Securities Limited
    HRC price in the traders’ market was down slightly, as festive season weakness in the construction segment weighed on sentiment. Besides, the influx of imports, particularly from Vietnam, resulted in ample supply in the domestic market. Rebar prices in the primary market also dropped by INR 400/te; however, the secondary market showed some signs of stability.
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    IDBI Capital released a Sector Update report for Metal and Mining on 01 Oct, 2025.
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