Story thread · 2 reports / 2 sources

Dealers stock up as steel prices rise

economictimes.indiatimes.com · 17hShare

New Delhi: Domestic steel prices are expected to remain firm in the near term as tight supply, import duties and elevated raw material costs encourage dealers to build inventory in anticipation of further price increases, brokerage firm Centrum Broking said in a report based on dealer interactions.Centrum said any correction in steel prices is likely to be limited and could be deferred until late November or early December. The report noted that supply remains tight, with allocations from primary producers falling short of demand and dealers often receiving only 50-75 per cent of the volumes they request.Also Read: Steel prices at 4-year high; trend to continue in H2: Report"Steel dealers have shifted from need-based purchasing to actively building inventory in anticipation of further price increases," the report said, adding that this has supported strong channel demand, although part of the recent strength reflects inventory accumulation.The report further added that domestic flat st

First report: Steel prices at four-year high; trend to continue in H2: report — thehindu.com, 1d