https://capital.com/steel-price-to-ease-in-2022-as-rally-is-overS...

https://capital.com/steel-price-to-ease-in-2022-as-rally-is-over

Steel price is forecast to fall in 2022 and beyond as underperforming China’s demand, risks of recession in Europe and slowing global economic growth to depress demand. Fitch Solutions, in its 16 September note, lowered the steel prices forecast for 2022 to $860 per tonne from a previous forecast of $980 in June. It also cut the price estimate for 2023 to $825/tonne from a forecast of $850 in June, as weaker global economic growth put greater downward pressure on prices. China’s steel demand has significantly underperformed due to ongoing contractions in the country’s real estate sector, while an energy crisis has raised the risk of recession in Europe, the firm said. Additionally, the US Federal Reserve has kept hiking its policy rate, which has strengthened the US dollar but raised import costs for emerging markets, it said. “Demand weakness has thus far overtaken any supply constraints from reduced mill throughput or suspensions of operations due to energy shortages in Mainland China and Europe,” the firm said.

So boslo you're saying 11th March Restart Study is actually lower than the actual costs of contructing CYM's Nifty operation because of inflation. Really? If anything Nifty's proposed operations have just become cheaper.