AM/NS India increases list price of HRC further by INR 1,000/t ($14)

Integrated steel producer ArcelorMittal Nippon Steel (AM/NS India) has increased list prices of HRC and CRC for May ’21 delivery, SteelMint came to learn from sources.

The effective prices stand at:

• HRC at INR 68,000-68,500/t, up by INR 1,000/t
• CRC at INR 82,000-82,500/t, up by INR 2,000/t

Prices are on exy-Mumbai basis, excluding GST @ 18%. The recent round of price hike is the company’s second in May ’21.