New Delhi: Domestic steel prices are expected to remain mixed in the coming months, with long steel prices likely to stay under pressure due to weak demand during the monsoon season and high inventory levels, according to a Centrum report.
The report said global and domestic steel prices showed mixed trends. US hot rolled coil (HRC) prices rose around 3 per cent month-on-month, marking the eighth straight month of gains. In contrast, European HRC prices declined about 4 per cent for the second consecutive month, while China's export HRC prices fell around 1 per cent after six months of continuous gains.
