Hemant Nerurkar, MD, Tata Steel sharing his views on the steel sector and the price trends said that globally, the prices in the steel industry depend on the raw materials. Seventy percent of the prices depend on the raw materials.
Tata Steel, the world's seventh-largest steelmaker by output, expects to start production from a new Orissa plant by end-March 2013, Managing Director Hemant Nerurkar said on Monday.