As the steel prices and competing products are shooting up, Suresh Thawani, Managing Director of Tata Sponge, in an exclusive interview with CNBC-TV18, says that the prices of sponge iron float with the market and hence, also expects the prices keep on going up.
Below is a verbatim transcript of Suresh Thawani's interview with CNBC-TV18's Reema Tendulkar and Gautam Broker. Also watch the accompanying video. Q: What is the outlook of sponge iron? Has there been an increase in price and are you all planning to increase it, say in the next 3 months? A: Yes there has been a increase in price of inputs, there has been increase in the price of competing products and therefore there has been increase in price of Steel and the increase in price of sponge iron. We float with the market and the prices keep on going up. Q: What has been the current increase? Do youDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
