India’s top steelmakers, JSW Steel, JSPL, AM/NS and Tata Steel, might raise prices by up to Rs 4,000 a tonne on the benchmark hot-rolled coil from April after rates climbed in the global markets, particularly in China.

  “The decision is yet to be made, but we are planning somewhere around Rs 4,000 per tonne from April 1st to match up with the international markets and to cover the rising cost of iron ore,” said an executive ..

    According to SMM analysis, on the one hand, due to the rising mood of nickel futures, stainless steel rose sharply today; On the other hand, the change of trade flow proposed by SMM before is less likely to happen after Russia declares that raw materials, energy, etc. are not sanctioned, and the domestic supply is still in short supply, so stainless steel is given upward support to a certain extent. As for the stainless steel market itself, according to SMM's understanding, the spot market of stainless steel resumed work today, and the spot price rose by 1000 yuan/ton, but the transaction was relatively flat. However, Lunni has started to rebound, driving the internal disk to rise, and the subsequent SS2204 contract continues to rise. On the spot, due to the epidemic situation, the demand is still relatively tired, and the price of stainless steel may be stable and strong.