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| Uttam Galva raises steel prices by Rs 2,000 a tonne |
| Press Trust of India / New Delhi Aug 05, 2009, 17:03 IST |
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Specialised steel maker Uttam Galva today said it has hiked the prices of galvanized steel products by Rs 2,000 a tonne with immediate effect due to increase in the cost of raw materials.
"Uttam Galva has decided to increase the prices of its galvanized steel products by Rs 2,000 per tonne. The price hike in galvanized steel is due to the increase in prices of HR coil by the integrated steel producers," the company said.
Four leading domestic steel producers--SAIL, Tata Steel, JSW Steel and Essar Steel--have already increased their prices by up to Rs 1,000 a tonne. Others like JSPL and Ispat Industries are learnt to be contemplating similar moves.
Galvanised steel products like GP sheets are available in the domestic market at about Rs 40,000 per tonne at present.
Uttam Galva supplies its value-added steel products to major domestic as well as international companies. Its clients include Bajaj Auto, Bajaj Tempo, M&M, Kirloskar,Crompton and L&T among others.
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