Increases in iron ore prices from Indian suppliers, most notably the National Mineral Resources Development Corporation (NMDC), disrupted steel production.
Industry sources say the nominal increase at regular intervals in line with the international price has affected small and marginalized producers who produce joists.
Recovery signs
At the same time, the consolation for steelmakers is that the market is showing signs of recovery. The steel market is doing well as well, as the price of steel products has also increased over the past two weeks. Steelmakers believe that mining companies should not raise the price based on some international appreciation for the broader interest of small and marginal players in the industry.
Steel demand is expected to record impressive growth in demand as the construction load increases and logistics infrastructure is provided. Now high quality steel is sold between 40,000 and 42,000 rupees per ton.
+38 (097) 475-20-95
|
|
|
Subscribe to news 
Metallurgy news
- Today
13:00 Leading foreign economic activity manager for a Russian manufacturing company (supply of cored wire and refractory materials to ferrous metallurgy enterprises) - 01 November 2025
14:00 Project Manager Manager for Automation of Recruitment and Adaptation Management Systems 13:00 Generation X (born in 1965-1980) is unique in its ability to understand millennials, zoomers, and boomers at the same time 12:00 Yuzhuralzoloto, poor report for the 3rd quarter 11:00 Project Manager (Operational Efficiency) NLMK lipetsk 10:00 How China is breaking the oligopoly of iron ore giants - 31 October 2025
22:00 Gerdau's net profit declined in the third quarter of 2024 19:25 Metinvest wants to buy a pipe plant in Romania
Publications
31.10 Professional IT services 30.10 Equire Safe Storage Warehouse 29.10 Air conditioner refilling services from Climat Center 28.10 Online bank cards for withdrawing cryptocurrencies 28.10 Conveyor belt manufacturer Belting Rezina
