The steel market is going through several changes, including China's evolving role in the market and costs rising, said Tata Steel's CEO, T.V. Narendran.
The long-term average over the coming years is likely to be more than $600, he predicted. Prices were $750 in China and $850 in Southeast Asia on Friday, he said.
Narendran explained the steel market is going through several changes, including rising costs and China's evolving role in the market.
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