Prices Of Important Steel Producing Raw Materials Are Anticipated To Soften In The Short Term

Prices Of Important Steel Producing Raw Materials Are Anticipated To Soften In The Short TermState run Steel Authority of India nowadays mentioned prices of important steel producing raw materials such as coking coal as well as iron ore are anticipated to soften in the short term because of the devastation triggered by the tsunami in Japan.

“The need for coking coal is going to be about 10 million tonnes much less monthly because of effect of tsunami on Japan. So there’ll be a few influence on prices. It requires to be contained and should decreased,” SAIL Chairman, Mr Verma mentioned here on the side lines of a steel conference.

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