India: JSPL cuts rebar, wire rod list prices m-o-m for early-Sep’22

Jindal Steel and Power Ltd (JSPL) has lowered prices of rebars and wire rods for early-Sept’22 sales against early-Aug, sources informed SteelMint. Subsequent to revision, effective prices of rebar (12-32mm, IS1786) stand at INR 57,500-58,000/t ($721-727/t) and wire rod (5.5-6mm, SAE1008) are at 59,500-60,000/t ($746-752/t). Prices are basic excluding GST at 18% on delivered to Delhi basis.