State-owned steel producer SAIL says the ongoing conflict in West Asia is expected to have only a marginal impact on its steel prices. SAIL’s newly appointed chairman, Ashok Panda, explains that the company imports certain raw materials from the region, including limestone sourced from Dubai, and that shipping and freight costs could rise if routes are disrupted. He notes that the landed cost for some inputs is expected to increase, with cost-and-freight (CFR) levels moving higher from about USD 23–24 to roughly USD 35. Despite this, Panda says the overall effect on sellable steel prices will be limited—on the order of Rs 100–200—because the company focuses on maintaining continuous operations rather than only cost changes. SAIL is also said to be establishing alternative shipping routes to keep raw-material supplies uninterrupted during the crisis. The company’s assessment is that availability of inputs during periods of instability matters most to sustain production.
West Asia conflict seen causing only marginal impact on SAIL steel prices
State-owned steel producer SAIL says the ongoing conflict in West Asia is expected to have only a marginal impact on its steel prices. SAIL’s newly appointed chairman, Ashok Panda, explains that the c...
- SAIL expects the West Asia conflict to have only a marginal impact on its sellable steel prices.
- SAIL imports raw materials including limestone from Dubai.
- SAIL says CFR landed costs for some inputs may increase, with estimates rising from about USD 23–24 to around USD 35.
- The company is setting up alternative shipping routes to avoid supply interruptions.
- SAIL estimates the overall price impact on sellable steel as around Rs 100–200.
The company buys raw materials, such as limestone from Dubai, Ashok Panda, the newly appointed Chairman of SAIL, said
2 months agoState-owned SAIL expects the ongoing West Asia crisis to have only a marginal impact on its steel prices and is establishing alternative shipping routes to ensure the uninterrupted supply of raw material from the region, a top company executive said. The company buys raw materials, such as limestone from Dubai, Ashok Panda, the newly appointed Chairman of the steel major said. "So far as SAIL is concerned, we will have some impact with respect to the fluxes, limestone, et cetera, which we are buying from Dubai. So, the landed cost, the CFR (cost and freight) cost is going to go up, because it was around USD 23-24, now it will be around USD 35," the official said in reply to a question related to the impact of the West Asia crisis. But overall, in sellable steel, its impact will be hardly Rs 100 or Rs 200, the chairman said. Panda also said that in times of crisis, the availability of raw materials is crucial rather than their cost, for uninterrupted operations, and that SAIL is ...
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