04.10.2010 - Steel industry in a dilemma now
From Commodityonline.com: Manufacturers in developing nations like India will have to struggle in the coming days to keep their steel business intact. According to a UK-based consultancy, construction activity has resumed in India due to the upcoming festival season which is expected to increase demand. However, steelmakers have raised prices in September due to escalating production costs surrounding construction projects, which is problematic for customers as they are not in a stable position to afford the price hikes...........................................Full Article: Source
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