AM/NS India hikes HRC, CRC prices by INR 500/t ($6/t)

ArcelorMittal/Nippon Steel India (AM/NS India) has increased list prices of hot-rolled coils (HRCs) and cold-rolled coils (CRCs) by INR 500/t ($6/t), effective from 20 Feb’23, sources informed SteelMint. Effective prices-

• HRC (2.5-8mm, IS2062): INR 60,000/t ($726/t)
• CRC (0.9mm, IS 513 Gr O): INR 67,500/t ($817/t)
• Plates (E250, 20-40mm): INR 67,500/t ($817/t)
• Prices are on exy-Mumbai basis, excluding 18% GST.