JSW Steel sees sluggish prices and demand for long steel

JSW Steel sees sluggish prices and demand for long steel

Reuters reported that JSW Steel sees prices and demand for long steel to remain sluggish for now.

Mr MVS Seshagiri Rao CFO of JSW Steel on the sidelines of a news conference said "In long product there is some softness, prices and demand are sluggish."

Mr Rao at the launch of its branded retail showroom said that “The Company, this month lowered prices for long steel, used in construction, due to weak demand.”

Mr Rao however added that “The push on infrastructure by the government will boost demand for steel substantially.”

(Sourced from JSW Steel sees sluggish prices and demand for long steel)

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