Domestic steel prices to ‘remain firm’ amid supply constraints, rising costs: Report

New Delhi [India], April 21 (ANI): Domestic steel prices are expected to ‘remain firm’ in the near term, driven by supply-side constraints and rising input costs, according to a report by Elara Capital. “We expect domestic steel prices to remain firm for the next couple of months, supported by supply disruption amid ongoing geopolitical tensions, elevated freight rates, and rising raw material costs, with mills indicating further price hikes,” the report said. The report noted that the recent rise in prices is largely cost-driven rather than demand-led. The report highlighted rising input costs as a key factor behind the price…