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Domestic steelmakers raise product prices for a second straight month

While steel producers expect the market to embrace price hike, industry officials are of the view that the consumer is not ready and continuous hikes of this kind may not be sustainable

Topics
steelmakers | India's steelmakers

Aditi Divekar  |  Mumbai 



Arcelor reported a net loss of $539 million for the third quarter which happened to be the second straight quarter in the red

In a bid to address margin compression and in anticipation of demand pick-up, domestic primary steel producers have raised product prices by 2.5-3 per cent for December.

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First Published: Tue, December 03 2019. 00:08 IST

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