Low customs duty, iron ore costs may melt steel prices

By Tanya Thomas | Livemint

PUBLISHED ON FEB 15, 2021 12:11 AM IST

Domestic prices of hot-rolled (HR) coil, a flat steel product that is further processed and used in transport, construction, shipbuilding and capital goods surged 54% from a year ago in the December quarter amid a robust recovery in domestic demand and mirroring higher global steel prices.