Tag: price hike is inevitable
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Indian Alloy steel makers pitch INR 6,000-8,000/t price hike in long-term auto contracts
Alloy steel producers across India, such as JSW Steel, Mukand Ltd, Kalyani Steel, Sunflag, Vardhaman, etc are bracing for a price increase by INR 6,000-INR 8,000 per tonne for original equipment manufacturers (OEMs) and component makers in the auto sector under their long-term contracts. Negotiations are under way, SteelMint has learnt from reliable sources. The…