Steel cos may hike price to Rs 1500/tn on demand rise:Sarda

Seasonal demand and a significant pick up in construction demand may result in steel companies hiking prices by Rs 1,500 per tonne, says GD Mundra, Director, Sarda Energy.Speaking to CNBC-TV18, he says the imposition of steel safeguard duty on hot-rolled coil (HRC) has brought fear among the importers but when compared on a price basis, imports are still more viable for long products.Meanwhile, the material imported at the port is USD 15-30 cheaper than what is received by the companies in Central India, he adds.Transcript to follow.