Soaring global steel prices coupled with rising raw materials prices and supply issues are keeping domestic steel prices high, SAIL Director (Commercial) Soma Mondal has said. Steel prices have risen over 40% in the last four months and are expected to remain bullish in the near-term. As per SteelMint estimates, domestic HRC prices (ex-Mumbai) are at their highest since 2008 and further hikes are likely in Dec ’20.
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