JSW Steel has reportedly increased prices in the range of Rs 1,500- 2,000 per tonne for its flat products, due to sharp fall in Indian rupee against the US dollar in past two months. The company’s cost of production has been going up due to higher cost of raw materials, especially coal, and the rupee depreciation has made it difficult to absorb the the cost escalation.
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.
