Tata Steel promises stable steel prices

Representatives of Tata Steel reported that internal steel prices will not swing significantly, and mainly remain stable this year. Mr. HM Nerurkar MO TATA Steel told PTI that "prices will remain stable. They will not jump in different directions. I think that everything will be quite predictable."

Although Mr. HM Nerurkar did not specify the reasons for this position in the domestic market. If you turn your views that there has been an increase in demand from 6 to 8 percent over a year. The recent report by India Merrill Lynch says that steel prices in India continue to remain "under pressure" in January of this year and this trend remains throughout the March quarter.

The report clarifies that "we expect a change in domestic prices for steel, since the sphere is under pressure from the quarterly message, since the demand is seasonally changing, which confirms the data for the fourth quarter of the last year."

Tata Steel reports the average price for a hot rolled roll in the interval between 36000 INR and 38000 Inr per ton at present. A spokesman for a leading private company engaged in sales of steel products said that his opinion is different from the position of Tata Steel representatives. And how he feels, prices will continue to rise, based on a good demand from the final consumer of the industry, although, most likely, in a limited form.