Electrosteel Steels has increased rebar prices by INR 3,250-3,500/t and wire rod prices by INR 1,000/t w.e.f today, trade sources reported to SteelMint. The current rebar (12-32 mm) offers is reported at around INR 44,250-44,500/t and that of wire rod (SAE1008 grade, size 5.5 mm) stands at INR 44,800-45,000/t, ex-works Jharkhand (excluding GST). The company has a production capacity of approx 1.5 mn t pa for long steel products.
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