Steel mills to roll over product prices in July despite hike in input costs

They are unwilling to revise prices upwards following weak demand due to sluggish infrastructure and construction activity

Primary steel producers in India are likely to roll over the prices of their products in July despite the sustained increase in raw material costs, which has been squeezing their margins over the past few months.

Steel prices have declined nearly 20 per cent the past three months due to weak demand and the trend is likely to continue during the ongoing monsoon season following slow infrastructure and construction activity. Mills are unwilling to risk