IDBI Capital
During Sep-26, Indian HRC prices increased by 4% MoM to Rs64,700/tonne, trading at 4year-high levels. The prices were majorly driven by post-monsoon demand rebound and mill announced price hikes. Chinese HRC prices increased by 2% MoM to $510/tonne, driven by increase in raw material prices and limited production. In Aug-26, Indian steel production increased by 3% MoM to 14.8mn tonnes. Estimated Chinese steel output decreased by 3% MoM to 75mn tonnes, while estimated global steel production...
IDBI Capital released a Sector Update report for Metal and Mining on 08 Oct, 2026.
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