SENSEX
NIFTY
GOLD
USD/INR

Weather

image 22    C

Business News

The Economic Times

Business / The Economic Times

details

Steel HRC prices hit 2-year high at 54,000/tonne; how long will the rally last?

India's steel market has reversed course. Hot-rolled coil prices have risen significantly. This surge is driven by higher raw material costs, a government safeguard duty on imports, and strong infrastructure demand. Experts believe these factors will support prices in the near term. Demand is expected to grow, and producers' margins are improving. The outlook for Indian steel appears favorable.

27 Feb 2026 5:14 pm