Steel Prices in India
Steel prices in India are booming now and the Indian steel industry is growing like never before due to tremendous supply and demand ratio. As per 2017, India was the world's third-largest steel producer and consumer. As per the industry experts, India will replace USA BY 2019 as the world's second-largest steel consumer.
Let's talk about some facts now. In the financial year of 2018, India produced 104.98 million tonnes of finished steel and 103.13 Million tonnes of crude steel respectively. During Apr-Dec 2018, India exported 4.68 MT and imported 5.91 MT respectively. Bigbits is one of the largest organization in India that provides live Steel rates updates on a daily basis with 100% accuracy.
Experts predict the consumption rate growth of 7.5% for the steel industry and steel production is expected to rise by approximately 26% by 2021.
Why invest in steel and why to know about steel rate in India?
Experts suggest that investing in steel is a good option as the demand for steel is growing in India in the sectors such as construction, steel tubes, packaging, housing, and automotive industry. Hence, if you are planning to invest in the metal market, steel can be your obvious choice.
Furthermore, a recent Indian union budget has allocated more to railways and highway development, clearly predicting more use of steel in India. It is of utmost favour to invest in steel.
However, there is an unpredictability associated with steel prices. If you want to invest in steel, you have to stay updated about the steel price per kg every day.
Get Steel rates today
When you invest in the metal market, it is of utmost importance that you stay updated with prices. Do you know about the latest steel rate today? If you know about live steel rates, you can sell or buy new stock to get profits. However, if you are not aware of the steel rates in India, you might not get that competitive advantage.
Why Bigbits for daily steel rates?
If you want to earn superior profits with your steel investment, the best way is to get associated with BigBits, one of the best commodity service provider companies in India that have carved a niche for itself by offering daily steel rates in India for clients.
We update our website regularly and if there is anything significant that you need to know about the Indian steel industry such as government regulations, Trading policies or any instructions and investment advice, you will get the information in no time.
Apart from that, we notify our clients about live Steel Rate per kg through SMS. If you want to sell or buy your stock of steel, you can do it accordingly to monetize your investment.
Real-time rate tracker for live steel rates
All you need to do is to subscribe to our paid service called BigBits Rate Tracker that will notify you about the latest updates in the steel industry and most importantly, daily steel prices and rates directly on your mobile through SMS instantly.
In Daily Steel Prices there will be highest, lowest and average price levels of major global products such as iron rates in India will also be obtained.
Get your subscription now and start earning your profits now!