Tata Steel Ltd’s June-quarter performance showed the salutary effects of firm steel prices, with the highlight being the record per-tonne profitability. Steel prices have been on an upswing globally and Indian steelmakers have been able to reap the benefits despite the pandemic threatening operations. For the June quarter, average India rebar and hot-rolled prices were up by around 3% and 18%, respectively, on a sequential basis.
Price of Iron Ore, page-103
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