The Hindu Business Line : JSW Steel to hold prices

JSW Steel has said it has decided to maintain the current price levels for two to three months. The input cost for steel making has seen an unprecedented increase in the last few months. Added to this is the fact that there is a restricted availability of raw materials on a sustainable basis. Despite a global cost push, JSW is voluntarily exercising restraints on the prices. The next few months should give clarity on whether there will be any respite to the steelmaker on t his front. Mr. Sajjan Jindal, Vice-Chairman and Managing Director, said, “Pro-active policies should be put in place to improve the supply side of steel by putting the Greenfield steel plant projects on a fast track and ensuring adequate raw material linkages. This would ease the pressure on prices in the long-term.” —

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