JSW to hold steel prices for three months

Mumbai, Apr 23 (UNI) In an attempt to ease inflationary pressure, JSW Steel today announced to hold the current price levels of its products over the next two to three months.

The company, in a release, said despite a global cost push, it was voluntarily exercising restraints on the prices, despite high increase in the input cost for steel making, besides restricted availability of raw materials. ''The next few months should give a clarity on whether there will be any respite to the steel maker on this front,'' the release added.

Company Chairman Sajjan Jindal said, ''Pro-active policies should be put in place to improve the supply side of steel by putting the Greenfield steel plant projects on a fast track and ensuring adequate raw material linkages. This would ease the pressure on prices in the long term.'' UNI VK SR AG1818