JSW Steel, India’s leading steel maker has increased prices of products across all categories owing to the increasing input costs. It has raised the prices of all products by about 2% or about Rs 750 per tonne for the current month. The entity was selling hot-rolled coils (HR-coils) at about Rs 40,500 per tonne and long products like TMT bars at Rs 41,000 per tonne before the price hike.
The company is not able to maintain its production at optimum levels for more than a year due to iron ore shortages. The Sajjan Jindal-led company is purchasing low and inferior quality of iron ore at higher prices due to suspension of mining in Karnataka, Goa and Odisha. Besides, the freight costs have also increased following the hike in diesel prices in September, which is affecting its margins.
| 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.. | |
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