India: SAIL increases rebar price by INR 2,300/t ($31) for Dec ’20

Indian government owned – SAIL has increased rebar prices by INR 2,100-2,300/t for project segment, sources reported to SteelMint. The current offer for rebar 12-32 mm size stands at INR 47,100-47,300/t, exy Mumbai & excluding GST. The company’s output of long steel products stood at 3.37 mn t in Jan-Oct ’20.