AM/NS India has increased list prices of HRC and CRC by up to INR 1,500/t ($20/t) for Oct’21 deliveries.
- HRC stands at INR 67,500-68,000/t ($905-911/t)
- CRC is at INR 77,000-77,500/t ($1,032-1,038/t)
- Prices are basic – excluding GST at 18% – on exy-Mumbai basis.
The mill aligns this hike to rising coking coal prices. Expected high demand for white goods and automobiles during the festive season provides the immediate upside.
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