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Jindal Steel & Power Ltd. would face pressure if the prices of coking coke and iron ore prices increase further, the Chief Executive Officer of its steel business, NA Ansari, said.
"The coking coal prices and iron ore prices are internationally driven. Although its prices have declined in the past month, iron ore prices have significantly increased in India and that has been a worry for us," Ansari told BloombergQuint in an interaction, adding that he expects raw material costs in the coming quarter to be at same levels as witnessed in the April-June period.