STEEL PRICES MAY BE HIKED

STEEL PRICES MAY BE HIKED
The Times of India (Bangalore edition) Mint

Mumbai: Indian steelmakers are considering a price hike in September after global prices rallied in the past month, and a decision would be taken in a couple of days, industry officials said.

“People are sending out feelers in the market, today being the first. There is practicality in price hike but it is not frozen yet,” Ankit Miglani, director-commercial of Uttam Galva Steels, said.

“Internationally, there have been movements in the past two months. We are just trying to see if there is scope for a revision,” Jayant Acharya of JSW Steel said.