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Steel companies negotiate 10-16% price increase for auto manufacturers

While some mills have finalised contracts, others hope to close by month-end. Deals are for April-June quarter

Topics
steel | steelmakers | Steel companies

Ishita Ayan Dutt  |  Kolkata 



A crane operator lifts up a finished steel coil at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany. Photo: Reuters
For flat steel, which is used in the car body, others the increase is Rs 7,500-9,800 a tonne.(Photo: Reuters)

Leading have finally struck a deal with automobile manufacturers for a price increase of 10-16 per cent after protracted negotiations.

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First Published: Sun, June 27 2021. 15:20 IST

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