NEW DELHI (Commodity Online): India’s steel demand is expected to rise by 9-10% in the current fiscal and the prices is likely to remain at the current level through this financial year, said Steel Secretary on Tuesday.
If the steel prices move up it would affect the rising demand, he added. The current trend in steel prices is not a cause of worry, he said.
At present, the prices are moving upwards on the back of a rise in the cost of raw materials like iron ore and coking coal as well as high demand by the consuming sectors like automobile and infrastructure.
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