Business Standard reported that JSW Steel has increased prices by about 2% or about INR 750 per tonne across all categories for the current month.
A senior JSW Steel official said that "We have increased the prices after three months. This is about 2% on all the categories and has become necessary due to increasing input costs."
The JSW official said that "We are buying low and inferior quality of iron ore at higher prices due to suspension of mining in Karnataka, Goa and Odisha. Then freight costs have also increased following the hike in diesel prices in September. All of this was impacting margins."
As per report “JSW was selling hot rolled coils at about INR 40,500 per tonne and long products like TMT bars at INR 41,000 per tonne.”
