Reuters cited Mr Sajan Jindal vice chairman & MD of JSW Steel as saying that it hopes to improve its operating margin in FY 2010 to USD 150 a tonne from USD 118 in the June quarter as input costs fall, on higher product mix and focus on Indian retail markets.
Mr Jindal said "We have internally changed our own strategy. Focus continues on domestic, even if the global demand improves tomorrow.”
He added that “That is why we are investing large amounts of money in setting up our retail outlets. Our aim is we would eventually be 85% domestic and 15% international."
(Sourced from http://www.steelguru.com/news/index/2009/07/22/MTAzMjMw/JSW_Steel_focusing_on_domestic_demand.html)
Sponge iron price decreases marginally on July 21 in Raipur
Sponge iron
| Location | Change |
| Kolkata | 0 |
| Raipur | -100 |
Change is on July 21st 2009 as compared to July 20th 2009
Change is in INR per tonne
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(Sourced from www.steelprices-india.com)
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