Domestic steel prices unlikely to go up- Tata Sons

Monday, April 18,

According to Tata Sons, domestic steel prices are not likely to go up but the pressure on margins is likely to continue due to higher input costs.*

“Even if the input costs are high, steel producers cannot raise prices as there is a surplus of steel in the international market, which will lead to imports,” said company’s Director, Mr JJ Irani, said.

However, he said, the pressure on the margins is likely to continue for some time.

Mr Irani said the high input prices will not sustain and producers of coking coal and iron ore are likely to soften the prices in another six months, particularly of iron ore.