Tata Steel expects fall in raw material prices

Tata Steel expects fall in raw material prices

 Tata Steel  said it expects raw material
prices to come down in the third quarter of this fiscal and demand for
steel to be steady on the domestic front. 

“I expect the raw material prices to come down. The spot indication in the
last two to three weeks is that they are coming down,”said  Tata Steel managing director H.M. Nerurkar. 

On outlook of India's steel market, Nerurkar added, “Both
prices and demand will be steady.”