Rise in raw material, freight costs may push up steel prices

摘要

Steel prices are set to go up on the back of steep rise in raw material and freight costs, said an analyst. "The substantial rise in iron ore prices in the last two-three months has exerted pressure on steel prices. Raw material prices have risen by nearly 12 per cent in the January-October period, driven by Chinese demand, keeping steel prices at high levels," said Ms Kavita Chacko, Economist, NCDEX.