Jindal Steel and Power Ltd. (JSPL) has hiked rebar prices by INR 1,000/t for end-Jan’22 sales, sources informed SteelMint. The effective price stands at around INR 56,500-57,000/t ($753-766/t) delivered Mumbai basis, excluding GST at 18%. This hike is on the back of higher raw material prices supported by robust demand.
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