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COAKING COAL PRICES
SAIL in talks with CIL over coaking coal price hikeAnother subsidiary of the world's largest miner Central Coalfields Ltd has also increased price of metallurgical coal this month.
CLSA slashes SAIL's target price on bleak margin outlookThe recent correction in rupee, iron prices, subdued steel prices and higher wages are likely to hit the margins of SAIL, says CLSA.
- Tata Steel's raw material costs to go up to USD 7 bn in FY'11
The costs on inputs are expected to escalate further by around 15% next fiscal over 2010-11 levels due to higher iron ore, coking coal pric...