Construction Industry News
Although IDFC Securities have not given any direction as to where the prices of coking coal and iron ore are heading to but the industry feels that the prices should fall in the coming days with the help of surged supply from Australia. Both coking coal and iron ore are important raw materials used for steel making.
Presently, Coking coal is hovering at $310 per tonne and the contract prices for iron ore is around $178 a tonne in the current quarter. India Inc growth has also depreciated by almost half to 6.3% during April due to the poor show by the manufacturing and mining sectors.
Moreover, the domestic steel prices have been persistently low in the last several months.
2799
4699
248
599
6641
10625
1919
1990
7073
14099
4059
8099
5529
11099
4507
7099
1072
1340
329
399
2148
2599
7209
25199
19317
30907
15100
30000
449
949
