JSW Steel Ltd.

JSW Steel, a leading industry player, has hiked ex-factory prices of flat products by 1.5-2% or Rs 750 to Rs 1,000 in absolute terms, effective October 1, 2013. Last month too, the company raised the prices of flat products by almost Rs 3,000 per tonne.

Flat products include hot-rolled, cold-rolled sheets, coils and galvanised sheets mainly used by automakers and oil and gas pipe makers. Thus with the latest hike, hot-rolled sheet will cost at around Rs 38,500 per tonne, excluding other local taxes.

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.