Cold-rolled steel manufacturers are contemplating an imminent price increase in the range of Rs 2,000-3,000 per tonne across the board. The move follows the increase in the prices of hot-rolled steel, which accounts for 70-80 per cent of the cost of producing cold-rolled steel. Some major producers have recently informed the cold rollers about the price increases. According to the Executive ' Director, Cold Rolled Steel Manufacturers Association (Corsma), Mr S.C. Mathur, "No final decision has yet been taken and negotiations are going on with the suppliers of hot-rolled coil. The Government has requested the hot-rolled steel makers to check prices in the wake of rising inflation. And if hot-rolled prices do not go up, cold rollers too may hold prices."
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