Taking cues from the global market, domestic primary steel producers have raised prices of the commodity by Rs 750 per tonne from February 1. This is the first hike in domestic steel prices since October.
"Domestic steel prices were in the range of Rs 42,000-44,000 per tonne depending upon various products. The hike in prices across products is about Rs 750 per tonne," said a JSW Steel source close to development.
Naveen Jindal-led Jindal Steel & Power, Tata Steel, Rashtriya Ispat Nigam Ltd and Steel Authority of India (SAIL) are among the other primary steel producers in the country.
Globally,