A worker uses a cutting torch in a workshop in a steel and iron market area of New Delhi. (Photographer: Prashanth Vishwanathan/Bloomberg)

Kalyani Steels Expects To Face Cost Pressures Despite Price Hike

Kalyani Steels Ltd. will continue to face cost pressures despite a price hike last month since it was inadequate to offset the input cost, its Managing Director RK Goyal said.

Prices of raw material such as iron ore and coking coal used by steelmakers have been volatile for some time now, impacting cost margins for such companies.

The Pune-based steelmaker expects to maintain its margin and bottom-line numbers in the current financial year, he told BloombergQuint in an interaction. As for volumes, Kalyani Steels is fully booked and will be able to sell entirely, Goyal said.

Watch the entire conversation here: