Domestic Flat Steel Prices Hit Four-Year High Amid Input Cost Surges
2 reports, 1 independent
Updated Sep 22
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What happened
Domestic flat steel prices have reached a four-year high, driven by costlier raw materials and increased post-monsoon demand. Hot rolled coil (HRC) and cold rolled coil (CRC) are trading at ₹64,000 per tonne and ₹75,000 a tonne, respectively. The upward trend is expected to continue through the remaining quarters of the ongoing fiscal year.
Why it matters
The price hikes are fueled by surges in key raw material costs, including coking coal and iron ore fines. Coking coal alone contributes over 30 per cent to the cost of steel production through the blast furnace route.
Domestic steel pricing remains strong.