steel rate today

In the past few months, steel rate today has increased significantly. The steel industry in India is linked to open markets and hence the fluctuations in the said industry are subject to global fluctuations. The price of TMT ingot in India, as well as the price of TMT steel ingot in Calcutta mainly depends on the prices of iron ore, thermal energy and ferrous alloys. As an important source of primary iron, it is clear that the volatility in the iron ore market will lead to differential prices of TMT steel bars. Right now this incident is happening not only in India but all over the world.