JSW Steel rules out hike in prices

The country's largest private steel producer by capacity, JSW Steel, today ruled out any increase in prices of its products even as demand has improved significantly from the consuming sectors like automobile and construction.

"Right now there are no plans to hike prices as as cost has come down drastically in the last six months," JSW Steel Vice-Chairman and MD Sajjan Jindal told reporters here today.

"However, some adjustments can be made as and when required," he added.

JSW Steel has a capital expenditure programme of 3,000-4,000 crore in the current fiscal. He said.