Bhushan Steel and Strips is mulling an increase in prices of cold-rolled coils by about Rs 1,000 per tonne, in line with increased hot-rolled steel prices following suspension of rebates by suppliers, a top company official said. | |
| "The withdrawal of discounts is hurting us, and we are left with no option but to pass on the added cost to customers," the official said. Hot-rolled steel is a key raw material for manufacture of cold-rolled steel. |
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| Earlier, hot-rolled steel makers, which had obliged to hold the price line, have cut rebates to customers, rendering the effective price Rs 1,000 higher. |
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| Bhushan Steel. which supplies cold-rolled steel to companies including Maruti Udyog, Tata Motors and Samsung, sources part of its requirement of hot-rolled steel from the market, while manufacturing the balance at its plant in Dhenkanal, Orissa. |
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