Source: The Economic Times, June 19, 2009
India's Tata Steel raised prices for hot-rolled and cold-rolled coils by up to 2 per cent on Friday across some regions in the country, a company spokesman said.
Prices have been raised by 500 rupees ($10.4) to 750 rupees per tonne, based on market conditions, he said.
Hot-rolled and cold-rolled coils are mainly used in automobiles and consumer durables such as refrigerators and washing machines.
The world's sixth-largest steelmaker has seen strong demand from its Indian operations, which account for about a quarter of the group's annual global capacity of 30 million tonnes.
Its Indian operations posted a 31 per cent rise in sales in April, and an 18 per cent increase in May.