India: JSW Steel hikes rebar prices by INR 1,250/t ($16/t) for end-Mar’22

JSW Steel has decided to increase rebar (12-32mm, IS1786) prices by INR 1,250/t ($16/t) with effect from 23 Mar’22 for end-March sales, sources informed SteelMint. Post-revision, the effective price stands at INR 71,000-71,500/t ($931-938/t) on FOR Mumbai basis, excluding GST at 18%.