“September might bring some cheer to steel market”- Industry experts

July-August have proved to be very dull months for the Indian steel market. Primary players such as SAIL though kept prices for TMT unchanged since July.  

“Manufacturers are not willing to sell at loss, so every one prefers to bring down the production to a nominal level”, he added further.However, apart from all these pessimism in the market, industry experts believe the market should improve by September.  

According to top official from a major manufacturing company in Durgapur, “Big structural reforms & additional spending are to be announced. Liquidity issues should improve as well. We expect market to improve by mid of September.” 

We expect to see demand coming up by the Sep end with the fading of monsoons and the holy season of Ramadan, he further added.