Primary steel industry to face challenges in H2 amid weak market: Icra
The domestic hot rolled coil (HRC) prices have corrected by 6.7 per cent since early October 2023, while the rebar prices witnessed a fall of 4.7 per cent in the same period, the ratings agency said.
Primary steel players manufacture steel through blast furnace route and the secondary industry uses electric arc furnaces and induction furnaces to manufacture steel. Image Courtesy: Reuters.