Steel companies hike prices as China supplies shrink - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Steel companies hike prices as China supplies shrink

JSW Steel raised prices by Rs 500-750 per tonne to Rs 39,300 for both Hot rolled coil (HRC) and TMT Bars depending on quality specifications, effective next month. “We see a supply gap emanating from China, which will give some opportunity for other domestic markets,” JSW’s director (strategy, sales and marketing) Jayant Acharya told.

from Industry-Economic Times
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