Steel Authority of India (SAIL) today said its inventories have started shrinking with the pick up in demand from end-users from the beginning of this month.
“There has been a brisk demand for the last few days — from the beginning of the current month. Inventory has come down. Sales have picked up — both for HR and long products,” country's largest steel maker Steel Authority of India (SAIL) Chairman C S Verma told.
Mr Verma told that domestic steel prices have started increasing by USD 10 a tonne in the last few days in line with global prices.
Secondary steel players have also raised their offers for re-bars and structures after this.
Source:PTI
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