JSW Steel is planning to hike steel prices by two per cent from January on the back of rise in production cost. The steel production cost has gone up by Rs 400-600 a tonne on the back of the recent rise in iron ore prices by Rs 200-300 a tonne. Moreover, the price rise of $30 and $20 a tonne in HBI (hot-briquetted iron) and coking coal will also have an impact on the costs.
Following the price hike, the mark-up in prices would range from Rs 700 to Rs 1,000 a tonne, depending on the product specification.
Recently, the company’s crude steel production in November, 2013 increased by 78% and stood at 10.72 lakh tonnes against 6.03 lakh tonnes in November, 2012. The production of rolled products (flat) increased by 61% to 8.31 lakh tonnes compared to 5.15 lakh tonnes in November last year.
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.
Following the price hike, the mark-up in prices would range from Rs 700 to Rs 1,000 a tonne, depending on the product specification.
Recently, the company’s crude steel production in November, 2013 increased by 78% and stood at 10.72 lakh tonnes against 6.03 lakh tonnes in November, 2012. The production of rolled products (flat) increased by 61% to 8.31 lakh tonnes compared to 5.15 lakh tonnes in November last year.
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.
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