JSW Steel raises prices of long, flat products by about Rs 3k per tonne

09 Nov 2021 CW Team

Jindal Steel Works (JSW) Limited has increased prices of both long and flat products by Rs 2,000 to Rs 3,500 per tonne. The price hike comes after the rising demand in the September quarter.

After stable holding prices in the September quarter, the domestic steel prices increased by Rs 1,500 to Rs 3,000 per tonne in October, while its long products increased by Rs 3,000 per tonne in the first week of October, followed by increased demand and prices of coking coal.

The prices of coking coal have increased by $30 per tonne during the last quarter and are expected to increase to $100 per tonne in the December quarter.

Research Analyst of ICICI Securities, Abhijit Mitra, said that coal prices have increased to Rs 15,150 per tonne in the September quarter, compared to Rs 11,480 per tonne during June quarter and expected to increase to Rs 23,000 to Rs 25,000 per tonne.

However, despite the price hike of steel, domestic prices are at discount prices to the landed cost of imports.

Crisil Research Limited expects increased prices of the domestic hot-rolled coil by 56% year-on-year (YoY) model to Rs 63,000 to Rs 64,000 per tonne. Thermo Mechanically Treated (TMT) bars prices are expected to increase by 29% to Rs 53,500 to Rs 54,500 per tonne.

China hot-rolled coil (HRC) and free on board (FOB) are expected to increase by 83% to $880 to $900 per tonne. Its price was $980 per tonne in September, but due to a decline in demand, the prices fell to $930 per tonne.

The cost and freight rate of coking coal is between $400 to $420 per tonne, compared to $100 to $110 per tonne during the same period last year. The prices of China's domestic coal are even higher and are expected to cross $600 per tonne.

Image Source

Also read: JSW Steel plans to levy surcharge on sale of steel products

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..