JSW Steel Ltd.

JSW Steel has reportedly decided to raise steel price by 4-6 percent from September 1 following a steep hike in raw material cost, especially coal. Meanwhile, Iron ore prices have jumped from $129.50 to $144 per tonne at present, while coal prices have moved up from $125 in end June to around $136/tonne. Moreover, the rupee has fallen 16% since January and it has slipped 4.5% since July 1, 2013.

JSW Steel reported monthly crude steel production for the month of July 2013 of its three manufacturing locations - Vijayanagar, Salem and Dolvi together. The crude steel production saw a growth of 47% during July 2013 at 9.91 lakh tonnes as against 6.76 lakh tonnes produced in the corresponding period of the previous year.