27
Mar
13:48
Indian steelmakers eye hiking quarterly auto contract prices
Major Indian steel companies have initiated discussions with automotive original equipment manufacturers (OEMs) for April-June contracts against the backdrop of firming steel prices, says ICICI Direct Research.
The negotiations follow the 5% price hike announcements by vehicle manufacturers on the back of India’s Real-Time Driving Emissions (RDE) norms, which are coming into effect from 1 April, Kallanish notes.
“Tata Steel, JSW Steel and AMNS India s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous