INDIA STEEL MARKET ROUNDUP FROM MEPS
Indian hot rolled coil
selling figures were steady in May, month-on-month, according to MEPS. However,
end-users were still only purchasing for immediate requirements.
Indian customers have preferred to delay bookings, for commodity plate, in
anticipation of further price concessions from both domestic and foreign
suppliers. Meanwhile, coated coil transaction values held firm despite subdued
Negative price expectations have gain momentum in the wire rod market.
Distributors operating in Durgapur, Mumbai and Raipur claim that the downward
pressure is the result of the availability of foreign products.
Purchasing activity for rebar has begun to soften. End-users are hesitating
about placing orders, whereas the steelmakers are keen to close deals.
Merchant bar stockists continue to be hesitant about placing orders. This is due
to tight credit conditions, low end-user demand and expectations of further
Source: MEPS -
Steel Review - May Edition
Also See: MEPS
Indian Steel Prices Online
Free Sample copy
of Developing Markets' Steel Review