Integrated steelmaker ArcelorMittal Nippon Steel (AM/NS) further announces its second hike in list prices of HRC and CRC by around INR 1,000/t ($13) with effect from today. The revised price stand at around INR 59,000-59,500/t for HRC and INR 69,000-69,500/t for CRC. Prices are on exy-Mumbai basis, exclusive of GST @ 18%. SteelMint learnt from credible sources. Prior to this, the company raised HRC by INR 3,500/t and CRC by INR 4,000/t over improved downstream demand and higher export realizations.
Leave a Reply