SAIL has reportedly increased steel prices by Rs 1000-1500 per tonne from September 13. The company has hiked the prices on account of higher input cost mainly coking coal. The company imports 11 mtpa of coking coal.
In separate development, the company is in talks with Japan-based Kobe Steel for setting up a special steel venture. The special steel could be used in the defence sector or automobiles. Though, the investment, location and equity structure have yet not been decided.
SAIL is India's largest steel producing company. With a turnover of Rs 49,350 crore, the company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
