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Steel makers hike prices of HRC, CRC by up to Rs 4,500 per tonne
Domestic steel makers have hiked the prices of Hot Rolled Coil (HRC) and Cold Rolled Coil (CRC) by Rs 4,000 and Rs 4,500 per tonne, respectively, industry sources said on Tuesday. After the price revision, a tonne of HRC will cost Rs 67,000 while the buyers will get CRC for Rs 80,000 per tonne. The price revisions have been made in the last three days, the sources said.
According to the sources, the prices of HRC and CRC could again be increased by Rs 2,000-4,000 per tonne. Another hike is likely in mid-May or early June, they added. HRC and CRC are flat steel used in consumer-friendly industries such as auto, appliances and construction. The prices of the vehicles and consumer goods are bound to be impacted by the rise in steel prices as steel is a raw material for these sectors, an expert said.
When contacted, a SAIL official said “it is market driven” and did not comment further. While JSW Steel declined to comment, AMNS India and JSPL did not reply to a query on the reason for the price hike. Reacting to the price hike, realtors” apex body CREDAI said since January 2020, there has been a steep hike in the prices of construction raw materials.
News Source : Construction Week Online
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%20(1).jpg "According to Kangana Ranaut, she and Shah Rukh Khan represent the final generation of stars. “Stars nahin ban rahe hain OTT pe”")
Kangana Ranaut has denied speculations about joining politics solely due to the box office failure of her films.
Kangana Ranaut, the BJP’s Lok Sabha candidate from Mandi for the 2024 elections, expressed gratitude towards Prime Minister Narendra Modi for her political entrance. In an interview with Times Now, she questioned whether she joined politics due to her movies’ poor box office performance, comparing it to Shah Rukh Khan’s previous unsuccessful films.
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No stars from OTT?
The last generation of stars, known for their talent and demand, are now able to showcase their talents more through OTT. However, the author expresses a desire to involve themselves more with the real world, rather than being consumed by the arts, stating that they are not satisfied with the current status quo.
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