Steel and aluminium prices surge 25% amid Iran conflict
pre-market1 source ↓written by the desknot a recommendation
- in steel
- 20-25% increase
- prices rose
- ₹51,000
- per tonne
- ₹62,000
- aluminium jumped
- ₹290
- per kg
- ₹376
The ongoing conflict in Iran has led to a 20-25% increase in steel and aluminium prices over the past month. Steel prices rose from ₹51,000 to ₹62,000 per tonne, while aluminium jumped from ₹290 to ₹376 per kg. Logistical challenges are expected to push input costs up by an additional 10-15% in the near term.
• Steel prices: ₹62,000 per tonne
• Aluminium prices: ₹376 per kg
• Anticipated further rise in costs: 10-15%
Not investment advice. For informational purposes only.