JSW Steel reduces prices for select products

JSW Steel announced the revision of prices for its two steel products – Hot Rolled Coil (HRC) and Wire rod, effective from April 1.  The quantum of the cut will be Rs 500-750 per tonne for HRC and Rs 500 for Wire rod. 
Commenting on this development Jayant Acharya, Director-commercial and marketing, JSW Steel said, “Considering the international steel prices and the appreciation of the Indian rupee, the company has adjusted domestic prices downward to align it with the landed cost of import. The domestic demand has seen an improvement in the last quarter and we are optimistic that steel consumption will rise in the current fiscal by around 5-6 per cent in line with the projected GDP growth of the country.”

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