Steel prices hit four-year high on rising costs and strong demand

…cent y-on-y to 14.32 mt. Finished steel imports rose 8 per cent y-on-y to 0.72 mt, while exports increased 31 per cent to 0.69 mt. Bhavik Bhagwanji Shah, Analyst (Metals & Mining), Choice Institutional Equities said post-monsoon demand from infrastructure, construction and automotive sectors, together with higher coking-coal costs, could provide further support to domestic steel prices. However, he added the ability of mills to pass through further increases will depend on import flows and downstream demand. The rise in steel prices will impact MSMEs, particularly in the downstream sectors such as…

…steel markets face selective upward pressure primarily from escalating energy, power generation and maritime freight overheads, establishing a structural cost floor beneath raw materials such as imported ferrous scrap. Instead of triggering runaway price spikes, these cost-push factors are counter-balanced by subdued real estate demand in key consumer markets such as China, leaving broader markets relatively range-bound , she said. Published on September 21, 2026…