JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Tata Steel UK has raised hot-rolled coil prices by £125 per tonne for the second quarter, taking offer levels to around £620/t, while hot-dip galvanized coil prices have also moved up by £140–150/t. The increase reflects mounting pressure from higher raw material costs, especially slabs and zinc, along with a widening price gap between the UK and European markets. Tightening slab availability is adding to the bullish sentiment, as supply disruptions and changing trade dynamics continue to reshape buying strategies across the region. Market participants are also watching phased price increases closely, with some buyers indicating further hikes may follow in May and June. At the same time, limited April allocations for some customers suggest supply remains constrained. The latest move highlights a firmer outlook for the UK flat steel market, where buyers are increasingly balancing procurement risks, import costs, and regional pricing trends. For steel consumers and traders, Tata Steel UK’s decision signals that the market may remain elevated in the near term, with supply-side pressure and cost inflation continuing to influence hot rolled coil prices.
Also Read : Qatar aims new gas output boost amid global price collapse IG Metall Says EU Industrial Accelerator Act Needs Stronger Industry Support
The Mumbai–Ahmedabad High-Speed Rail Corridor (MAHSR) recorded a significant advancement with...
Construction 25-Nov-2025
In April, India's domestic coal production reached 78.69 million tonnes (MT), surged 7.41%. The coun...
Energy 03-May-2024
Prime Minister Narendra Modi today will lay the foundation stone and dedicate railway projects worth...
Announcement 12-Mar-2024
Larsen & Toubro (L&T) has been awarded a huge project to build a bridge across the Brahmaput...
Large Corporate 06-Feb-2024
The Thai steel industry is increasingly concerned about heightened competition from foreign companie...
Business 14-Aug-2024
Vedanta Aluminium's Lanjigarh plant in Odisha has increased its annual alumina refining capacity to...
Non-Ferrous 04-Apr-2024