Steel prices may fall by Rs 1,000/tn in July

[honeyks]

India’s domestic steel prices may come down by Rs 1,000 a tonne in July due to sluggish demand mainly from the construction and infrastructure space.

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Steel firms have seen prices coming down by up to Rs 6,000 a tonne to around Rs 27,000-33,000 a tonne in past few months as construction work slowed down ahead of monsoon.