Saturday, April 30,
Weak demand and stock piling up with traders remain a problem for Indian steel industry say experts..* Indian steel prices has been weak for last few months on followng reasons
1) High raw material cost
2) Weak construction activity
3) Liquidity crunch in the market
4) Stock piling up with traders and stockist
Our analyst found out that finished goods have been piling up with traders and manufacturers and movement have been slow in last few months.” Real demand is missing, we have good quantity of stocks lying at our stock yard.” said Mr Neeraj Agrawal a steel trader based in Raipur.
It will be interesting to see that where does prices head to.
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