Steel prices might take at least two years to cool down as its demand is consistently increasing, a top industry excecutive said. During the current financial year, the demand for steel in India is also expected to exceed the production numbers, Jindal Steel and Power Ltd (JSPL) Managing Director V R Sharma told PTI. While the demand in the financial year 2021-22 will be in the range of 140-150 million tonnes (MT), the country's production is expected to be somewhere around 125 MT, he said. When asked about an estimated time for the steel prices to cool down, he said, "It (prices) will take around two years (to ease), because of the demand."