Steel demand deficit stood at 43% in June

Crude steel output fell 27% YoY (May -39%), with production improving MoM both for integrated and secondary steel producers.

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June-2020 apparent steel demand fell 43% YoY (-48% in May).

Crude steel output fell 27% YoY (May -39%), with production improving MoM both for integrated and secondary steel producers.

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While steel mills have hiked HRC prices, they are still 8/4% below China/FTA nations’ import parity prices.

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First published on: 13-07-2020 at 02:45 IST
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