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           Steel prices may acceleration by Rs 1,200 per tonne by March-April

MUMBAI: The steel industry may witness the increase in steel prices by $25-30 (Rs 1,000 1,200) per tonne in the next three to four months.

The better international prices and increase in iron ore prices and coking coal may lead to the metal’s price increasing which is currently at Rs 30,000 per tonne.

"We expect steel prices to firm-up in the coming months. In the next three to four months, prices may go up by another Rs 1,000 per tonne as domestic demand firms up. Prices of coking coal as well as input costs have risen," a top official at Essar Steel said.