Steel prices likely to rise

NEW DELHI: ArcelorMittal Nippon Steel (AM-NS) on Wednesday said steel prices are likely to go up as companies are facing pressure on margins with prices at four-year lows.
“These are not sustainable numbers… there is a squeeze in the margins even as the industry is investing heavily in capacity expansion. There must be a recovery of prices,” Ranjan Dhar, director & VP (sales & marketing), said. TNN