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JSW Steel opt flexible pricing policy for long products: Report

11 Apr 2015 Evaluate

JSW Steel has reportedly opted flexible pricing policy for its long products used largely in real estate and infrastructure projects from the current practice of fixing it on monthly basis. The company is now willing to change long product prices on a daily basis against the industry practice of fixing it on a monthly or fortnightly basis.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.

Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
APL Apollo Tubes 2153.00
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