Indian steel prices remained volatile on Thursday. With monsoon approaching Indian coast, traders anticipate improved demand in coming days.
– Sellers unwilling to cut offers in Central India on low production and improved sales from North India.
– Steel prices in South gained Rs 300-400/t in last 2 days as monsoons about to hit Indian coats.
– Prices in West remain subdued on sluggish demand, sellers cut offers by Rs 200-300/t to attract buyers.
– Steel markets in North India remained volatile and sellers do not expect prices to fall sharply. Shortage of scrap should not let steel prices fall reported market traders.
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