Strong dollar hitting steel industry: Jindal Stainless

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New Delhi, Sep 17 (UNI) Jindal Stainless Ltd, the country's largest stainless steel manufacturer, today said it does not see any price cut on carbon steel in the near future as the industry has been adversely impacted by dollar appreciation.

''We don't see immediate price cut in carbon steel in near future as the cost of raw materials has gone up to 14 to 15 per cent in the last four to five months and also, there dollar is getting stronger against rupee,'' company Vice Chairman and Managing Director Ratan Jindal told reporters here.

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