Cars may get costlier as steel prices rise

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New Delhi, Feb 3, 2008 : Consumer durables and automobiles are in for a price hike as integrated steel makers have increased steel price between Rs 2,000 per tonne and Rs 2,500 per tonne that is 6% to 8 % on account of rising iron ore, coking coal and energy prices.

Country"s largest steel maker, SAIL, has increased steel prices between Rs 1,500 and Rs 2,500 per tonne while Tata Steel has increased prices of hot-rolled, cold-rolled and galvanized steel in the range of Rs 2,000 to Rs 2,500 per tonne.

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