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SAIL, TATA STEEL TO HIKE PRICES

Article Abstract:

The Steel Authority of India Ltd (SAIL) and Tata Steel (TS) have planned an average 5 percent price increase for some grades of their steel. The price increase will mainly be for high-value cold-rolled (CR) and hot-rolled (HR) products. Minor adjustment of the price of a few long products may be done. The reduction of customs duty to 30 percent on CR coils along with the additional countervailing duty of 8 percent will lead to an additional tariff of 7.4 percent while it will be 2 percent for HR products. Domestic price of CR products will get an additional cushion of Rs1,000-1,200 per tonne while HR items will get a cushion of about Rs300 per tonne. (khr)

Comment:

Plans w/ Steel Authority of India to impose an average 5% price increase for some grades of steel

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
Unit costs & prices, Article, Steel Authority of India Ltd.

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TATA STEEL's Q3 NET SLIDES 62%

Article Abstract:

The net profit of Tata Iron and Steel Company (Tisco) has declined by 62 percent to Rs16 crore during the third quarter of 1998-99 (Rs43 crore in the third quarter of 1997-98). The decline in net profit is attributed to fall in net realisation and outflow of Rs45 crore on voluntary retirement scheme for 3,100 workers. It recorded a gross profit of Rs161 crore and operating profit of Rs209 crore. Tisco registered an 18 percent growth in sale of steel during the third quarter of 1998-99. (gs)(vr)

Comment:

The net profit of Tata Iron and Steel Company (Tisco) has declined by 62 percent to Rs16 crore during the third quarter of 1998-99 (Rs43 crore in the third quarter of 1997-98).

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
Sales, profits & dividends

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SAIL, VSP HIKE LONG STEEL PRICES

Article Abstract:

The Steel Authority of India Limited (SAIL) and the Vizag (Visakhapatnam) Steel Plant (VSP) have increased the price of their long steel by Rs400 per tonne. The Steel Authority of India Limited has increased the price of long steel by Rs200-400 a tonne. The Vizag Steel Plant has withdrawn the discounts offered earlier by Rs400-600 a tonne on all grades and sizes of channels and angles. The Vizag Steel Plant has revised its price by Rs1,100-1,900 a tonne at Rs14,800-15,890 a tonne. (rk) (kvr)

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
Marketing procedures, Company Planning/Goals, SAIL, Vizag

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Subjects list: India, Tata Steel Ltd.
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