To be sure, with the monsoons setting in, prices of long products used in construction are bound to trend lower. 1,500 per tonne, this year prices have dropped by almost three times.
essar steel,SteelMint,Global trade war,Indian steel prices,Ranjan Dhar .
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(The following statement was released by the rating agency) HONG KONG/SHANGHAI, December 18 (Fitch) Fitch Ratings has upgraded China Metallurgical Group Corporation's (CMGC) Long. Term Issuer Default Rating (IDR) and its senior unsecured rating to 'BBB+', from 'BBB'. The upgrade is due to CMGC's enhanced strategic linkages with 100% parent, China Minmetals Corporation Limited (BBB+/Stable). Fitch has equalised CMGC's ratings with those of its parent using a top. down approach as per the agency's Parent and Subsidiary Rating Linkage criteria. The linkage reflects CMGC's strong operational and strategic ties with Minmetals.