JSW Steel rules out price hike

Aug 04, 2010 |

Correspondent

JSW Steel on Wednesday ruled out any increase in product prices for August, stating that the demand scenario does not warrant change. “Steel prices have bottomed out. There is some improvement in demand. But in August, we are not
increasing our prices,” JSW steel director, Mr Jayant Acharya, said.
The company, which is the largest private steel producer by domestic capacity, sees a “positive bias” on the demand scenario and may consider raising steel prices in the next few months. “ However, it will be too early to decide whether we will increase prices in September or not. But, going forward, prices are likely to improve,” he added.

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