15
Apr
12:29
Indian steel prices surge on LME Russia ban
The Indian domestic steel market opened on a bullish note on Monday, witnessing notable price increases across various segments such as scrap, ingots, billet and rebar.
These rises ranged from an average of INR 800-2,000/tonne ($10-24/t) compared to Friday's levels, notes Kallanish.
The surge follows the recent ban announced by the London Metal Exchange (LME) on trading Russian metal, aluminium, copper, and nickel produced on or after 13 April 2024, besides …
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Anonymous
Very good overview of the weekly steel market.
Anonymous