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SAIL, Tata Steel raise prices

Our Bureau

New Delhi , April 1

DOMESTIC steel manufacturers have increased steel prices effective from Friday. Largest domestic manufacturers Steel Authority of India Ltd (SAIL) has raised hot-rolled steel coil prices by around Rs 2,000 per tonne while the second largest manufacturer Tata Steel has raised prices by around Rs 5,000 per tonne.

Ispat Industries Ltd, the nation's fourth-biggest, raised prices by about Rs 900, company officials said.

Officials in Essar Steel said that the company would take a decision on price hike within a day or two. In case of Jindal Vijaynagar, a formal announcement has been delayed on account of the sudden death of the company Chairman, Mr O.P. Jindal.

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