Rising input costs affecting profit margins by 5-10%: JSW Steel

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New Delhi, June 11 (UNI) JSW Steel Ltd, part of OP Jindal Group, today said it has faced a erosion of 5-10 per cent in profit margins during the last three-four months on increasing input costs.

''There is a huge cost effect at JSW Steel, the profit margin is definitely going to be impacted,'' company Managing Director Sajjan Jindal told reporters here.

It has earlier committed to hold the metal prices till next month in order to tame surging inflation in the country.

JSW Steel, one of the lowest cost steel produces in the world, has diversified interest in mining, carbon steel, power, industrial gases, pot facilities, aluminum, cement and IT.

The company has the largest galvanising production capacity in the country and is the largest exporter of galvanised products with presence in over 74 countries across five continents.


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