Corus seen facing cost pressure in fiscal 2011

Corus seen facing cost pressure in fiscal 2011


“Hardening of raw material prices globally might as well inflate its cost of production in Europe by close to $150 per tonne and affect its operating margins in 2010-11,” he said. He said that if coal and iron ore prices go up by 80 to 90 per cent, additional cost pressure will be between $120 and $150 per tonne provided the entire requirement is outsourced by a steel company.