Indian Steel Authority of India Limited (SAIL) announced to hike the prices of all steel products by INR500/ton for March.
The Chairman of SAIL said that it’s reasonable to raise steel prices as the international steel prices are rising and the raw material prices are increasing.
It’s known that the international coking coal prices have surged by US$15~US$20/ton recently.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63304&division=A2
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