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Indian steel companies see long-term change as industry rally continues

DMarket has rising since November and even lockdowns for Covid-19 have not hurt demand, say executives.

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India’s domestic market has rising since November, except for a pause in February during the Chinese New Year holidays.

Ishita Ayan Dutt Kolkata

5 min read Last Updated : May 13 2021 | 11:10 AM IST

The rally in iron ore-to-steel has reached levels unprecedented since 2008, sparking a debate whether it’s a super-cycle or a strategic change in the industry.

Global iron ore (62 per cent Australia to China CIF) prices averaged at $178 a tonne in April 2021 versus $120 a tonne

Topics : Steel companies Iron ore production Steel exports

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