Steel Authority of India Ltd (SAIL), India's largest steel producer have raised its flat steel prices by upto Rs 800 per tonne confirmed market sources, although company officials were not available for immediate response.
“SAIL has increased its prices by Rs 800 per tonne, which was expected as it kept last month prices unchanged . Current offers from Rourkela Steel Plant (RSP) is at around Rs 40,200/t+ VAT and Bokaro Steel Ltd (BSL) is at Rs 41,100/t + VAT.” said an authorized dealer. Plate prices have also gone up by Rs 800/t to Rs 38,000/t + VAT from Bhilai Steel Plant.” said an agent.
Industry participants also mention that Indian flat steel demand is still weak and raised prices might not generate much interest.
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