India: SAIL increases list prices of HRC, CRC by INR 500/t ($7/t)

Steel Authority of India (SAIL) has recently revised list prices of HRC and CRC by INR 500/t ($7/t) with effect from 25 Feb’22.

• HRC: INR 65,500-66,000/t ($872-879/t)
• CRC: INR 70,500-71,500/t ($939-952/t)
• Prices are on an exy-Mumbai basis, exclusive of 18% GST.

Elevated raw material prices have trigerred the price hike, SteelMint notes.