Steel Authority of India is expecting a rise in domestic long steel prices post-Diwali, the company said in its conference call. The ramp-up in constructional activities post the festival are likely to support long steel prices in near-term. Company’s crude steel production increased significantly by 55% to 3.82 mn t in Q2 FY’21 against 2.47 mn t in Q1 FY’21.
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