Demonetisation has had a severe impact, says RK Goyal, MD of Kalyani Steels.
He further said that margin will contract in second half of FY17.
Speaking to CNBC-TV18, he said raw material costs like coking coal, iron ore have surged from 2016 lows.
Goyal said that only 30 percent of the cost increase is passed on to customers via price hike.
Looking to further increase the prices by Rs 6,000 per tonne, he added.
For entire interview, watch accompanying video.
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