Indian steel prices set to rise further on coking coal costs, demand revival

NEW DELHI, Sept 8 (Reuters) – Indian steel ?prices are expected to rise further in the coming weeks as a post-monsoon pickup ?in infrastructure and automotive demand tightens the market while higher coking coal costs lift production costs of mills, executives and analysts said. Higher prices could help mills recover margins squeezed by surging coking coal costs, but infrastructure, construction and auto ?companies face higher input costs just as demand picks up. Sign up here. Mills in India, the world’s ?second-biggest crude steel producer after China, marginally cut prices of products such as ?hot-rolled coil (HRC) by 280 rupees ($2.96)…