Due to rising coal prices, Indian steel mills consider raising steel prices

Rising coal prices coupled with ashortage of coking coal and thermal coal are forcing Indian steel mills toconsider a steel price hike for the next quarter. Indian steel giants like JSWSteel and Jindal Steel and Power (JSPL) anticipate a cost-driven price hike. From customs data thatIndian coking coal imports plunged 26.18% on-month to 3.21 million…