A surprising drop in the prices of steel products

The prices of steel products in the country have decreased by 45 thousand rupees per ton.

Prices of steel products fell due to the decrease in the price of raw materials in the global market and the demand at the local level.

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The new price of cold rolled coil (CRC) is 2 lakh 11 thousand 500 rupees per ton while the new price of hot dipped galvanized coil (HDGC) is 2 lakh 20 thousand 800 rupees per ton.

Domestically, the demand for steel products in the construction sector is also subdued, which has led to a fall in prices, with further declines expected during the final months of summer.