India: Steel prices might go up in September

Aug 27,

Indian Steel prices might go up in the month of september according to Steel Authority of India.

Indian steel market have been sluggish for past few months due to poor demand and monsoon season.

According to Steel Authority steel market looks better in the month of september due better demand and high raw material prices of Iron ore and coal in the international market.

Currently steel prices in India are hovering around Rs 30,000/MT (Rebar) and Rs 35,000-36,000/MT (HRC).

Reported by: Richa Sharma (richa@steelmint.com)