Major steel giant JSW SteeI has further raised HRC and CRC list prices by INR 1,000-1,250/t ($14/t) effective from today. The revised list prices stand around INR 50,400/t for HRC and INR 59,650/t for CRC (exy-Mumbai) excluding GST. This is company’s third price hike for Dec ’20, sources have reported to SteelMint. A supply crunch and robust demand from automotive and consumer durable sectors along with higher material costs lead to a spurt in domestic flat steel prices.
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