Steel, auto, chemicals to gain from more LPG flow | India News – The Times of India

Steel, auto, chemicals to gain from more LPG flow | India News – The Times of India

The govt on Friday moved to cushion key industries from the ongoing gas supply disruption, boosting commercial LPG allocations by 20% to reach 70% of pre-crisis levels. The extra supply will prioritise labour-intensive sectors such as steel, automobiles, textiles, dyes, chemicals, and plastics, which are critical for broader economic activity.The move is aimed at stabilising…

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Steel prices hit 5-year low! Value drops sharply; top factors for steep fall – The Times of India

Steel prices hit 5-year low! Value drops sharply; top factors for steep fall – The Times of India

Representative image (AI-generated) Domestic steel prices have fallen to a five-year low, trading between Rs 47,000 and Rs 48,000 per tonne, based on BigMint market data.Several factors have influenced these prices. Rising imports, weak export demand and oversupply in the global market all contribute to the decline.Hot rolled coil (HRC) is priced at about Rs…

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