Neutral impactCommodity
Steel prices set to rise further on coking coal costs, demand revival
BusinessLine 44 min ago·8 Sept 2026, 8:23 am
Steel prices are expected to climb higher as the cost of coking coal, a key input for production, continues to rise. This uptick in raw material expenses is being driven by strong global demand, which is outpacing supply. Consequently, steel manufacturers are likely to pass on these higher costs to buyers.
For investors, this development is a double-edged sword. On one hand, higher selling prices can improve profit margins for steel mills. On the other, the surge in input costs poses a challenge for downstream industries, such as those in infrastructure and automobiles, which rely on affordable steel to maintain their own margins during a period of recovering demand.
Excerpt from BusinessLine
Indian steel prices are expected to rise further in the coming weeks as a post-monsoon pickup in infrastructure and automotive demand tightens the market while higher coking coal costs lift production costs of mills, executives and analysts said. Higher prices could help mills recover margins squeezed by surging…Read the original at BusinessLine
Key takeaways
- Category: Commodity.
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