BQPrime
•78% Informative
Hot rolled coil price in traders’ market rose for 11th week in a row to nearly Rs 58,000 /tonne- highest level since May 2023 .
Channel checks indicate demand has picked up steadily since August 2023 , particularly in construction and infrastructure segments.
Delay in renewal of BIS licenses to companies especially from China and Vietnam imply that steel import volume- particularly for downstream products is likely to come off compared to H1 FY24.
VR Score
85
Informative language
88
Neutral language
77
Article tone
formal
Language
English
Language complexity
49
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links