price increase expected in the month of May

The trend in the International Market is quite bullish. The market has shown an increase of 80 USD per MT since last two months.

The Indian Steel Manufacturers had marginally increased their prices in the month of April. But in the next month prices are expected to increase by atleast 2500/- per MT in HR Coils.

As a result the price of CRCA Steel Strips may face a price shoot of around 3500/- per MTĀ 

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