AM/NS India rolls over flat steel prices for early-Sept’21

Integrated steel major ArcelorMittal/Nippon Steel India (AM/NS India) has reportedly rolled over HRC and CRC prices for Sept’21 deliveries, SteelMint learnt from company officials.

Current prices:

• HRC stands at around INR 67,000/t ($918/t)
• CRC is at INR 77,000/t ($1,054/t)
• Prices are basic, excluding GST @ 18% on an exy-Mumbai basis.

AM/NS rolled over prices in a bid to push up sales in the domestic market. However, if demand picks up around mid-Sept, the company could raise HRC and CRC prices.