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Coke price have seen a sharp in past few month which has led to rise in steel prices. According to Gujarat NRE Coke management hard coking coal prices settling at International USD 150-160 in 2009. JSW Steel management is of view that it is difficult to hold domestic prices as international steel prices at USD 1000. Commerce minister Kamal Nath says Inflation check steps to focus on steel.
Hindustan Zinc was up 4% in today’s trade followed by Sterlite Industries, Gujarat NRE Coke etc.
SAIL, TATA Steel, Jindal Steel were among the biggest looser in metal space loosing around 4% to 6% in today’s space. They were followed by NALCO, Jindal SAW, Jindal Steel which were down about 2% to 3% in today’s trade
Scrip Name Last Traded Price Change (%) 534.25 3.88 776.9 1.92 164.4 1.39 139.4 1.23 2863.15 1.19 664 0.28 28.55 0.18 171.2 -1.01 289.25 -1.41 376.1 -1.51 600 -2.31 739.85 -2.71 434.35 -3.12 178 -3.34 655.15 -3.56 1820 -4.11 157.7 -6.05
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