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With Rising Demand, Steel Prices Shoot Up
The Hindu Business Line
|January 03, 2020
Steel companies have increased steel price by ₹1,500-1,750 a tonne in January with strong demand from across sectors and a firm global demand. This is the highest price hike this fiscal.
Hot-rolled steel prices have been marked up by ₹1,500 a tonne in January to ₹37,500, though it is languishing below the ₹40,000 mark for last eight months.
Jayant Acharya, Director (Sales), JSW Steel, said that the price hike comes on the back of restocking by stockists and fresh offtake by automobile, white goods, packaging and infrastructure sectors.
This story is from the January 03, 2020 edition of The Hindu Business Line.
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