In an interview with CNBC-TV18, RK Goyal, MD of Kalyani Steels spoke about the results and his outlook for the company.
Margins are under pressure because of increase in raw material prices including coking coal, coke, iron ore, etc, he said.
Going forward, we will be able to pass on some of this increased cost to our customers, so we expect the situation to improve further, he added.
On realisation, he said that we are much better compared to last quarter. We are expecting further increase now, said Goyal.
We expect met coke prices to be stabilised now, he further mentioned.
Speaking of margins, he also said that it should improve because we are expecting a price increase from our customers.For full interview, watch accompanying video...