25.06.2012 - Steel prices likely to grow by 5.7 pct in 2012-13: CMIE

On the back of healthy demand, rise in input costs and hike in excise duty, steel prices are likely to go up by 5.7 per cent this fiscal, according to economic think tank CMIE. "We expect steel companies to undertake further round of price hikes in the coming months of 2012-13 on the back on healthy demand, rise in input costs and hike in excise duty," Centre for Monitoring Indian Economy (CMIE) said...............................................Full Article: Source

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