SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Tata Steel may up prices on input cost pressure

17 Mar 2010 Evaluate

Tata Steel may increase prices of its products in the coming months on account of rising raw material cost, which is expected to rise by about $150 per tonne in the next fiscal. Raw material prices are likely to go up by somewhere around $140-150 per tonne in 2010-11.

 

Tata Steel along with other steel makers had hiked prices of its products by up to $2,000 a tonne in the beginning of this month, partially offsetting the impact of the rise in excise duty by 2 per cent across the board to 10 per cent.

 

Tata Steel Chief of Procurement Amitabh Panda had last week said that the cost of raw material is expected to rise by 25-30 per cent in the next financial year from the current level putting pressure on steel firms to hike rates.

 

The steel maker's India operations are self dependent in terms of availability of iron ore. It, however, procures coking coal from overseas, prices of which may go up to $200 a tonne in 2010-11 from the current level of about $105 a tonne.

crackcrack

Tata Steel Share Price

212.05 1.35 (0.64%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×