despite consistent demand from the auto sector, the price of steel strip is facing a negative growth since last couple of months. The prices have gone down by 2000/- per mt in the last two months.
This slow down in the pricing level, will continue till the end of December after which the prices are expected to bounce back and might cross the previous levels.
This seems to be the right time to stock as the prices are hovering in the lowest levels and does not seem to go below this level.