Date:17/06/2004 URL: http://www.thehindubusinessline.com/2004/06/17/stories/2004061702070400.htm

Back Coal price hike to hit steel industry: ISA

Our Bureau

New Delhi , June 16

THE Indian Steel Alliance (ISA) said the upward revision in coal prices by Coal India Ltd would have an adverse impact on the steel industry as a whole.

``The prices of raw material, which goes into making of steel, specially coking coal and iron ore, have been continuously increasing, adversely affecting the available margins for the steel industry,'' ISA said in a statement.

It said that even as raw material prices are being increased, consumer associations of steel have been lobbying hard against any hike in steel prices.