Tata Steel sees no break in rising steel prices

September 10,

Owing to rising raw material prices, steel prices are not likely to come down, Managing Director of Tata Steel H M Nerurkar said today.

“Steel prices will not come down as raw material prices are rising,” He also said that prices are likely to fluctuate in the $20 band.

Asked whether Tata Steel is planning to sell its South African unit, Nerurkar said “it is not so”. “We are not contemplating to sell the unit. But interested parties are there,” he said.