📰 Indian Steel Market Report – Summary of the Last Week of March

➡️ Secondary Steel Market:

The secondary steel market showed strength in the last week of March. Prices increased by ₹200–700/ton at the beginning of the week, but later declined to similar levels. Overall, prices increased by up to ₹2000/ton throughout March. (Variation possible based on location)

➡️ Primary Mills:

Prices from primary mills remained strong. Both long and flat segments saw an increase of ₹500–1500/ton.

➡️ Finished Steel:

Prices of finished steel saw an upward trend, while scrap prices in the international market remained stable.

➡️ Imported Scrap:

Imported scrap offers showed a minor fluctuation of $1–2/ton.