India: ESL hikes long steel prices by INR 750/t ($9/t)

ESL Steel Ltd. has increased long steel prices by INR 750/t ($9/t), sources informed BigMint. Post-revision, prices are as follows:

• Rebar (12-32 mm, IS1786): INR 52,250/t ($612/t)
• Wire rod (5.5-6 mm, SAE1008): INR 54,750/t ($641/t)

Prices are landed NCR, excluding GST at 18%.