Monday, 17 Jan 2011
BS reported that some of the Indian steel majors feel that the price of steel is likely to remain stable in the near term as chances of oscillation of its raw materials' cost are unlikely.
Mr Sushil Maroo CFO of JSPL said that "The price of coking coal is now hovering at around USD 275 per tonne. I don't think it will go up to USD 300 a tonne. Iron ore is also stable now. Hence, I don't see steel price going up in the near term.”
Sourced from Business standard
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