Saturday, 19 Feb 2011
TATA Steel sees a sure in steel prices on surging prices of raw materials.
Mr B Muthuraman VC of TATA Steel said that global steel prices will likely rise in the near term, driven by both higher costs and a steady improvement in global demand.
He added that "It is difficult to predict steel prices, but the way raw material prices are rising, steel prices are bound to follow."
(Sourced:dowjones)
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