Tata Steel Ltd., a leading steel manufacturer in India, reports a hike in list price of HRC by INR 4,400/t ($59) and CRC by INR 5,000/t ($67). The effective price stand at around INR 58,000-58,600/t for HRC and INR 70,000-70,500/t for CRC for Apr delivery. Prices are on exy-Mumbai basis, exclusive of GST @ 18%. SteelMint learnt from credible sources. The price rise is supported on the back of healthy downstream demand and uptrend in global prices.
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