BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
During July, Indian steel prices declined by 4% month-on-month led by imposition of export duty on steel. Even Chinese hot rolled coil steel prices fell by 10% month-on-month.
On a positive note, coking coal prices fell 46% month-on-month to $170/tonne. For June, global steel production fell by 7% month-on-month to 158 million tonnes while Chinese steel production decline by 6% month-on-month to 91 million tonnes.
Chinese steel exports fell by 3% month-on-month to 7.6 million tonnes. Meanwhile, Indian crude steel output increased by 6% YoY to 10 million tonnes.
Indian steel exports fell by 44% month-on-month to 0.8 million tonnes.
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