The extreme
volatility, evident for so much of last year in the Indian markets, has struck
once again. Local steel plate prices and the currency, as evidenced by the
graphs below since the start of the year, have experienced extreme turmoil of
late.
This has seen at
least USD 25 per LT LDT wiped off the prices in the past few weeks alone, with
many end buyers simply refusing to offer until markets settle and some
stability on prices can be seen again. One market sale did register with the
Bogazzi controlled Roro SKODSBORG (6,803 LDT) fetching an impressive USD 500
per LT LDT.
Source: steel guru. 12 August
2014
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