JSW Steel on Thursday increased the price of galvanised steel from Rs 500 per metric tonne to Rs 750 metric tonne.

The Mumbai-based company informed the Bombay Stock Exchange that the price hike is due to the steep increase in Zinc prices, a key raw material for galvanised steel. Zinc prices have increased by 10 per cent over the last couple of days, it said.

Shares of JSW Steel were trading at Rs 280.05 today on the BSE, down 1.09 per cent.