Indian steel majors to hike flat product prices in January
Thursday, December 17, 2009
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Leading steel companies like SAIL, JSW, Essar and Bhushan Steel may hike prices next month to cash in on the demand surge in domestic markets.
The country's second largest steel producer JSW Steel on Thursday joined others in the industry gunning for a price hike in January.
Mr Jayant Acharya director of (Sales and Marketing) of JSW Steel told reporters that "Internationally, steel prices have improved by about USD 30 a tonne in the past one month. There is a possibility of JSW increasing its prices.”
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