Steelmakers increase prices by 3 per cent

An official from a steel major said the company has raised prices by Rs 1,000 per tonne. Jayant Acharya, director (sales & marketing), JSW Steel said the company has not decided on a price rise yet but might take a decision by Saturday. Tata Steel did not comment for the story. Essar Steel said the company was reviewing the price situation. However, sources confirmed that the company has increased prices in line with the industry price hike of around three per cent.

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