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News Brief | July 2012

CMIE expects steel prices to remain weak

 Centre for Monitoring Indian Economy expects steel prices to remain subdued at least till October. Steel prices may slide further globally. 

Already in key markets, the slide has been significant in China alone. Steel product prices skid 4 per cent - 6 per cent in May to June. 

In India prices may remain weak from Sept-Oct because of low global demand and reduced construction activity during monsoon.

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