JSW to keep Steel prices intact for 2-3 months

New Delhi, Apr 23 (UNI) JSW Steel Ltd today said due to inflationary trends in the country for the last few months it has decided to maintain the current price levels of steel for two to three months.

The input cost for steel making has seen an unprecedented increase in the last few months.

''There is a restricted availability of raw materials on a sustainable basis. Despite a global cost push, JSW is voluntarily exercising restraints on the prices. The next few months should give a clarity on whether there will be any respite to the steel maker on this front,'' a statement 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,'' said compant Vice Chairman and Managing Director Sajjan Jindal.

UNI PBB SBA AS1907