Global steel prices may be on the rise again, which is bad news for construction and commercial real estate, especially in such asset classes as industrial, retail, and larger multifamily.
T.V. Narendran, CEO of Indian producer Tata Steel, told CNBC that prices for the material could be "much higher"—more than $600 a metric ton—in the near future.
"I expect it to be in that space and that range — fluctuating of course, but fluctuating at a higher level than we've seen in the past," he told the program's Street Signs Asia late last week.
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