Indian HR, CR, Sheet & Coil prices are set to move up by Rs 1000-1500 /MT w.e.f the 1st of April.
All major Steel manufacturers such as JSPL, JSW, Essar, Bhushan, Uttam Galva and Llyod Steel are expected to go for the price hike.
Industry experts attribute the expected hike to recent hike in excise duty and higher prices of raw materials.
2.5mm Hr Coil in Mumbai currently trades at Rs 38,500/MT (Basic price).
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