Steel prices in India have gained Rs 2,000-3,000 per tonne in last
few weeks and is crawling up further.
“Liquidity
remains a major problem for the entire steel industry. At every rise in prices,
buyers get cautious and trading volumes comes down,” said a re-bar trader
based in Mumbai.
“Prices
might be creeping up gradually, but volumes have gone down drastically.” said another broker based in Raipur
Primary manufacturers
might rise prices for Long Products in the coming few days, as the cost of
production has gone up, with no drastic shift in the demand, said market
sources.
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