New Delhi: Steel prices have been on a decline since the beginning of FY2024, with domestic hot rolled coil prices plummeting 3.8% in the current quarter due to falling Chinese exports, rating agency Icra said in a report on Thursday. Icra has revised its baseline steel price predictions for FY2024, forecasting an average year-on-year decrease of 4-5% in domestic HRC …
Consumers should brace up to pay more for the electricity they are consuming during the ongoing period of power crisis as increased use of expensive imported coal in generation is expected to elevate the cost of supply by up to 5% in the current fiscal year 2022-23. The higher share of imports for thermal generation under a pass-through arrangement as …
