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SW Steel is planning to hike steel prices by two per cent from January on the back of rise in production cost. The steel production cost has gone up by Rs 400-600 a tonne on the back of the recent rise in iron ore prices by Rs 200-300 a tonne. Moreover, the price rise of $30 and $20 a tonne in HBI (hot-briquetted iron) and coking coal will also have an impact on the costs.
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