Demand for finished steel has
been weaken for last few months despite of the supply crunch of key raw
materials especially of Iron ore and Scrap.
“Off take is weak for
quite some time, major reason being tight liquidity in the market. Buyers have
not surplus cash to maintain high stocks.” Presently entire industry is
operating on hand to mouth basis. said a finished steel broker based in
Raipur.
“We neither expect prices to
move up sharply nor drop down. Prices will be range bound in short term.” said
brokers and traders.
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