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JSW Steel hikes price

Our Bureau

Mumbai, Feb. 24

JSW Steel Ltd announced a hike in price of galvanized steel on Friday.

Prices of galvanized steel products have been hiked by Rs 1,500-2,000 per tonne from March 1, 2006. In addition JSW will also revise the thickness ladder of thinner gauges, which would increase the prices of thinner gauge (0.12mm - 0.40mm) by Rs 750 per tonne.

"The rising zinc price, the logistics cost and spiralling international prices have necessitated this price revision," JSW said in a news release.

On Thursday, Uttam Galva Steel raised prices of galvanized steel by Rs 2,500 a tonne with immediate effect.

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