Steel demand has been sluggish from last few months and are expected to remain dull in the near term, said market participants.
“There is no proper circulation of funds in the industry, no body wants to stock up at the moment. Buyers are very cautious on fluctuating steel prices and weak global sentiments”, said a finish steel trader based at Hyderabad.
Prices are certainly not expected to move up, at the same time downfall is limited due to lower production and high raw material prices, he added.
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