Steel prices continue upward trajectory
Mon, Apr 26, 2021 8:31 AM

Steel prices continue upward trajectory

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Steel prices increased immensely in the week ended 16 April 2021, in response to the global rise in steel prices. Prices have gone up by ~59% YoY in the month (until April 16). Crude steel production rose 19% YoY (7% MoM) to 9.7 mt in March. Steel consumption grew 41% YoY to 8.74 MT. However, it declined 6% MoM in April as companies looked to exports to benefit from strong global steel prices.

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