 "Steel")
The surge in raw material prices prompted major steel companies to increase prices in April after two successive months of hikes.
JSW Steel, ArcelorMittal Nippon Steel India (AM/NS India), and Jindal Steel & Power (JSPL) are among the top private sector steelmakers that have increased prices of hot rolled coil (HRC) — a benchmark for flat steel — by Rs 4,000-5,000 a tonne.
JSW Steel and JSPL, which are into long products, have increased rebar prices by Rs 2,250-3,000 a tonne, respectively.
The data from SteelMint shows the price of HRC after the increase stands at Rs 79,000-79,500 a tonne for JSW Steel
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