| Steel prices are expected to rise by 7.2 per cent this year and the rates will start firming up from October due to rise in demand in spite of weakness in international markets, economic think-tank CMIE has said.
“Price hike of the alloy is likely to begin from October. Steel demand normally picks up when monsoon season ends and the construction activity gathers pace. We expect prices to rise by 7.2 per cent in 2012,” the Centre for Monitoring Indian Economy said in its monthly report...............................................Full Article: Source |