Stocks

Price hike may buoy steel manufacturers

| Updated on November 14, 2019 Published on November 14, 2019

 

Steel manufacturers have hiked prices of hot-rolled coil and TMT bars for the first time in the last seven months, as the inventory at both the consumer and steel manufacturers’ end shrank after the recent pick-up in demand. Most steel companies have hiked prices of hot-rolled coil by ₹500-750 a tonne to ₹35,500, and TMT bars by ₹750-1,000, depending on quality specifications. Shares such as JSW Steel, Tata Steel, SAIL and Uttam Value Steel may remain on the radar of market players.

Published on November 14, 2019
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