Indian steelmaker JSW Steel said it is considering a special surcharge on steel prices, reflecting high energy costs and record increases in coking coal prices.
No decision has been taken so far in this idea, but the company is consulting with consumers.
According to the general manager of the JSW group, this year's energy shortage has caused very volatile prices in the market.
In particular, coking coal prices have increased more than 3.5 times since the beginning of the year. Last month India exceeded $430 per ton.
As Argus, one of the pioneers of foreign resources, points out, the demand for steel products in India is strong, which allowed metallurgy companies to raise their local prices in October and to announce increases for September.
According to Argus forecasts, as of October 22, the price index of hot rolled steel in India is expected to increase by about 70 thousand rupees (64.8 thousand rubles) per ton, and for rebar - 59.5 thousand rupees (55.1 thousand rubles).
In recent months, some companies in Europe have announced that they are imposing surcharges on steel prices to offset the rise in energy and energy costs, as well as the rise in carbon fees. However, JSW Steel was the first company to take such initiative in India.
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