Steel prices improve but may face headwinds: Ind-Ra
Steel prices improve but may face headwinds: Ind-Ra ANI | Updated: May 29, 2021 17:51 IST Mumbai (Maharashtra) [India], May 29 (ANI): Domestic steel consumption is likely to be low over 1Q FY22 quarter-on-quarter due to the second Covid wave but not at the low levels witnessed over 1Q FY21 when there was a complete shutdown of activities, according to India Ratings and Research (Ind-Ra). However, Ind-Ra said the strong international prices and export demand will enable steel producers to increase export levels, although high freight and shipping costs and...