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

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

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

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

Next Story
Infrastructure Urban

Allcargo Gati Strengthens Doddaballapura’s Industrial Growth

Doddaballapura, once renowned for its silk sarees, has evolved into a major industrial hub, housing an Apparel Park and diverse manufacturing units producing textiles, paints, and machinery. The region’s strategic location and robust infrastructure have attracted national and international companies, boosting Karnataka’s economy.For the past four years, Allcargo Gati has been a key logistics partner, ensuring efficient distribution of goods across India. With a structured supply chain strategy—65 per ent to the north, 15-20 per cent west, 10-15 per cent east, and 5 per cent south—the c..

Next Story
Infrastructure Transport

Kolkata Metro to Suspend Green Line Services on March 8-9

The Kolkata Metro Railway has announced a complete traffic block on the East West Metro Corridor (Green Line) on March 8 and 9 for testing the Communication-Based Train Control (CBTC) system. Services will also be partially disrupted on the evening of March 7 and the morning of March 10. The Green Line, India’s first underwater metro tunnel and home to the country’s deepest metro shaft, runs from Howrah Maidan to Salt Lake Sector V. This line’s first phase was inaugurated in 2020 by then Railway Minister Piyush Goyal. Additionally, the Kolkata Metro recently introduced a paper ..

Next Story
Infrastructure Urban

India and Nepal Sign MoU to Strengthen WASH Sector Cooperation

India and Nepal signed a Memorandum of Understanding (MoU) on March 3, 2025, to enhance cooperation in the Water, Sanitation, and Hygiene (WASH) sector, including waste management. The signing ceremony took place at Sushma Swaraj Bhawan in New Delhi, attended by India’s Union Minister of Jal Shakti, CR Patil, and Nepal’s Minister of Water Supply, Pradeep Yadav. The agreement aims to foster collaboration between the two countries to improve access to clean drinking water and sanitation. It outlines key areas of cooperation such as capacity-building programs for Nepali personnel, techno..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?