Considering the increase in input cost, JSW Steel decided to hike steel prices by about 2 per cent.
The company spokesperson is reported to have said that it has not hiked steel prices in the last three months whereas input costs and steel prices in international market have gone up significantly.
Following the increase, steel prices could rise around Rs 750 per tonne. Before the hike, JSW was selling flat products like hot-rolled coil at Rs 40,500 per tonne and long products like TMT bars at Rs 41,000 per tonne.
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