India: POSCO Maharashtra further raises CRC list price by INR 1,500/t

South Korean steel giant POSCO’s India arm, POSCO Maharashtra, has announced a second hike in CRC list prices by INR 1,500/t ($21) today, sources informed SteelMint.

• The effective price stands at INR 84,000-84,500/t ($1,155-1,162)
• Prices are on exy-Mumbai basis, excluding GST @ 18%.
• At the beginning of May ’21 the company had increased prices by INR 6,000/t, as per SteelMint reports.