Indian primary producers might roll over their long steel prices for November delivery said industry experts.
“Chances are less that prices will be raised in November, prices might stay at same levels. Liquidity is a major concern for steel industry. Infrastructure projects are under pipeline, but it will take time to get implemented. With compulsory standard norms by Indian government, secondary steel producers will have disadvantage in medium to long run.” said an industry participant.
Currently prices difference between primary and secondary steel (long) are in range of Rs 4000-5000 per tonne.
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