$450 -520

OVER H1

Likely price range for the metal during the H2 of 2016 with the average price for the entire year coming to $480 a tonne

of 2016, prices rallied due high demand from Chinese steel users, govt stimulus measures in housing and positive investor sentiment

OUTLOOK FOR 2017

Although the January-june 2016 steel price rally is likely to fade over the latter half, prices will gradually edge higher from 2017