According to market intelligence and price reporting firm, BigMint, hot-rolled coil (HRC) prices have decreased by ₹1,000 per tonne, now ranging between ₹47,000 and ₹51,000 per tonne. HRC is a benchmark in flat steel. The trade level represents the lowest point for the current financial year, and the market is showing signs of volatility, marked by a significant decline in demand, said an analyst with the firm.
In long steel, BF (blast furnace)-rebar trade prices are currently hovering at ₹50,000-51,000 per tonne ex-Mumbai, Big Mint data showed. It hit three-year low levels at ₹49,500 per tonne during August-end 2024 on a slowdown in demand. Rebars are most likely to have been impacted by the slackening of construction activities during monsoons.
Denne historien er fra September 23, 2024-utgaven av Business Standard.
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Denne historien er fra September 23, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Changes in policy terms must be conveyed
Mustafa Pithawala had taken a home loan of ₹20,11,101 from Tata Capital Housing Finance on October 19, 2015. To secure its repayment, he was covered under ICICI Lombard Group Secure Mind Policy, valid from October 23, 2015, to October 22, 2020. This policy also covered personal accident and major medical illnesses and procedures such as coronary artery bypass graft surgery (CABG).
Low valuation sparks interest in IndusInd
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Swiggy makes market debut today
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NTPC Green Energy IPO eyes $12 bn Valuation
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Sebi simplifies process for registration of certain FPIs
Abridged version of application form to be available in 3 months
11 of 17 Nifty sector indices in correction mode
As many as 11 of 17 frontline Nifty sector indices are in 'correction' mode with energy, auto and central public sector enterprises (CPSE), consumption, and fast-moving consumer goods (FMCG) suffering the most in the recent market fall, according to data.
Nifty falls to near 5-month low
Earnings disappointment and foreign outflows continue to weigh on markets
BITING THE BULLET
The Bullet Train has been a 'dream project'. Can it become a reality anytime soon?
