Domestic steel prices are expected to remain at Rs 59,000 per tonne (flat steel) and Rs 56,000 per tonne (long steel) on pre-election spending, during the current financial year, a note from CRISIL Market Intelligence and Analytics said. According to the note, the higher prices will remain despite a slowing global economy.
This commentary comes a day after India imposed anti dumping duty on flat based steel wheels from China.
