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Expect price hike in 7-10 days; margins to go up: Kalyani Steels

In an interview to CNBC-TV18, RK Goyal, MD of Kalyani Steels spoke about the results and his outlook for the company.

November 09, 2017 / 04:10 PM IST

In an interview to CNBC-TV18, RK Goyal, MD of Kalyani Steels spoke about the results and his outlook for the company.

There is almost a 40-50 percent increase in the cost of raw material, he said.

We are in discussions with original equipment manufacturers (OEMs) and they are considering our requests and are appreciating the increase in cost. Hopefully we will have a price increase soon, he added.

The company has taken two price increases in this year.

We are expecting another price increase in a week to ten days’ time. As soon as we get the price increase, the margins will go up, said Goyal.

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CNBC-TV18
first published: Nov 9, 2017 04:05 pm
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