India: AM/NS increases HRC, CRC prices by 1,500/t ($20)

AM/NS India has increased HRC and CRC list prices by INR 1,500/t ($20) for Nov’21 deliveries, SteelMint learnt from sources.

Effective prices:

• HRC (IS 2062, 2.5-8mm): INR 72,000-72,500/t ($964-$970)
• CRC (IS 513 Gr O, 0.9mm): INR 79,500-80,000/t ($1064-$1,070)

Prices are exy-Mumbai basis, excluding GST at 18%. The primary steel mills are raising prices on higher cost push.