Steel prices will not come down: SAIL Chairman
New Delhi: Steel prices will not come down in near future, according to SAIL’s Chairman Anil Kumar Chaudhary. He has said that there is strong demand for the commodity and the prices will remain high for long.
The prices have reached unprecedented levels. The domestic hot rolled coil (HRC) rates are above Rs 55000 per tonne. The iron ore prices are also higher, said Chaudhary.
"Domestic steel prices follow international prices. HRC prices around the world are at USD 750 per tonne and domestic prices are at a discount of close to Rs. 2000 per tonne compared to international," he was quoted as saying in a news report by ET Now.