Question:

What is the impact of rising prices of steel in india?

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The information should be the latest one!!

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3 ANSWERS


  1. the prices of goods which uses steel as raw material will increase wat else probably scientist will soon find some other metal to replace steel


  2. It Will effect the booming  construction business in india,and car manufacturing.

  3. I don't believe this question has anything to be latest or not...but I will throw some recent examples

    You have to think in depth to see industries steel is connected to. For example Tata motors that has promised a $2500 car (cheapest in the world) will be immediately impacted. This effect will rise the production cost for the car and ultimately the market price for the consumers.

    And for India which is a developing country, many consumers with low income have their eyes on this car. With the rising prices they will shut their option on this product and the company will loose potential consumers. This is just one effect of rising steel prices.

    Think about the housing market and many other industries that this product might be used in.

    Hope this helps

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