State-run Steel Authority of India Ltd expects steel prices to go up next month following a rise in global prices, its chairman said on Thursday.
“International prices have gone up so it’s likely that domestic prices will also go up next month,” SK Roongta told reporters at an industry conference.
SAIL, India’s top maker of the alloy, is likely to produce 13 million tonnes of crude steel in the current fiscal ending March 2010, Roongta said.
SOURCE:http://www.moneycontrol.com