Rashtriya Ispat Nigam Limited (RINL) has increased list prices of long steel products by up to INR 2,500/t ($30/t), sources informed BigMint. Post-revision, effective prices:
- Rebar (16-32mm, IS1786): INR 59,300/t ($711/t).
- Wire rod (5.5-6mm, SAE1008): INR 56,400/t ($676/t).
- Prices are exy-Chennai, excluding GST at 18%.
- Note- Schemes/discounts and rebates are additional on the above prices.