"With the firming up of international prices and growth in domestic consumption, steel prices may further recover.
"The recovery has started with the recent hikes and will continue," state-run Rashtriya Ispat Nigam Limited chairman and Managing Director A P Chaudhary told PTI.
RINL is among the few firms that had effected price hikes, both in the current month and in the previous one.
While the hike was up to Rs 1,400 per tonne in this month, it was around Rs 1,500 a tonne in December, 2012.
Steel Authority of India chairman C S Verma too hinted of a possible price hike as the international costs of iron ore have gone up in the recent past to touch $150 a tonne.
"Iron ore prices have gone up internationally from $90 per tonne to $150
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