Steel prices may soften on lower China demand: JSW Steel joint MD Seshagiri Rao

Global prices of steel have been on the rise in recent weeks on expectations of higher demand from China as the country eased its strict Covid-19 curbs. Indian steel mills also hiked prices in tandem, reaching around ₹61,000-62,000 per tonne for benchmark hot-rolled coils of steel. The domestic prices were around ₹55,750-57,000 in January.

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