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Dillip SatapathyThe domestic prices of iron ore, excluding the rates prevailing in Karnatak, have jumped by 17 per cent for fines and 11 per cent for lumps upto July in the current fiscal in contrast to 5 per cent slide in steel (TMT bar) prices in the same period. With the ongoing monsoon impacting construction activities and global trade war threatening to create a glut in the domestic market, the steel industry is keeping its fingers crossed on further increase in the domestic iron ore prices which may impact their margins.The iron ore prices have rebounded after seeing a minor correction in April and May this year. In July'18, price of 62.5% Fe fines has gone up by Rs.250 from Rs.2100 to Rs.2400 per tonne which has an individual impact of Rs 400 per tonne on steel making. Iron ore lump prices went up from Rs.4925 to Rs.5175 per tonne in the month. On y-o-y basis, the iron ore fines rate has surged by 113 per cent (from Rs.1125 to Rs.2400/tonne) and the lump price has increased by .

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