AM/NS India has reported hike in its list prices of HRC and CRC upto INR 1,000/t ($14) effective from today. The revised list prices stands at around INR 54,700-54,800/t for HRC and INR 64,700-64,900/t for CRC (exy-Mumbai) excluding GST @ 18%, SteelMint learned from its credible sources. Limited supplies, robust demand from auto sector along with higher Indian HRC export offers are major reasons contributing to the domestic price hike.
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