Price cut to impact EBITDA margins by 30 bps: Bhushan Steel

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Price cut to impact EBITDA margins by 30 bps: Bhushan Steel

Neeraj Singal, MD, Bhushan Steel & Strips, said the company is seeing a major impact on TMT bars where prices are going down by Rs 2,000. "We will hold prices for a month, not more than that. Prices need to go up by Rs 3,000-4,000 to counter raw material pressures." According to Singal, impact on EBITDA margins could be 20-30 bps.

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Neeraj Singal , MD, Bhushan Steel & Strips , said the company is seeing a major impact on TMT bars where prices are going down by Rs 2,000. The steel major is looking to roll back Rs 500-1000 in galvanized sheet segment, he said. "We will hold prices for a month, not more than that. If HRC prices are increased, it will have to be passed on to the consumers. Prices need to go up by Rs 3,000-4,000 to counter raw material pressures."

According to Singal, impact on EBITDA margins could be 20-30 bps.