Prices of steel products in the country have decreased by 45 thousand rupees per ton.
The price of steel products fell due to the decrease in the price of the raw material in the global market and the demand at the local level.
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The new price of cold rolled coil (CRC) is 2 lakh 11 thousand 500 rupees per tonne, while the new price of hot dipped galvanized coil (HDGC) is 2 lakh 20 thousand 800 rupees per tonne.
In the domestic domain, the demand for steel products in the construction sector is also subdued, which has led to a drop in prices, with further drops expected during the last months of summer.
(Except translation, this story has not been edited by pipanews staff and is published from a syndicated feed.)
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