With India’s domestic steel prices touching decade high numbers, steelmakers have exited the export markets for good. However, scarcity of supply remains a concern as demand recovery across sectors resurfaces after a long period of subdued activity. The market remains cautious about the sustainability of high prices amid the possibility of recurring COVID-19 waves and domestic iron ore shortages. Will India’s domestic market continue showing strength in the near term and break further records? S&P Global Platts Asian Steel Markets Editor Ashima Tyagi discusses these issues and more with Head of APAC Metal Insights Paul Bartholomew.
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