Friday, 03 Jun 2011
Press Trust of India reported that two leading steel makers, JSW and Essar Steel, have hiked rates for flat products by INR 600 per tonne to INR 1,000 per tonne.
The report cited some company officials as saying that “On the back of rising input costs and strengthening of international prices over the last couple of weeks, there is a case for upward revision of steel prices.”
The report added that However while SAIL has kept prices at last month's levels, TATA Steel is yet to decide on any move. (sourced from PTI)
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