Integrated steel manufacturer ArcelorMittal Nippon Steel (AM/NS), India announced its third hike in list price of HRC by INR 1,500/t and CRC by INR 3,250/t. The effective price stands at around INR 61,000-61,500/t for HRC and INR 74,000-74,500/t for CRC. Prices are on exy-Mumbai basis, exclusive of GST @ 18%. SteelMint learned from credible sources. Buoyant global steel prices and healthy demand from downstream sectors in the domestic market led to further hike in flat steel prices.
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