Indian steel major- AM/NS India has increased list prices for HRC and CRC by INR 1,000/t for Nov deliveries, sources have reported SteelMint. After the hike, the effective price of HRC stands at INR 43,750/t and CRC at INR 53,000/t (exy-Mumbai). The mills have raised the prices factoring the improvement in the pent-up demand and improved downstream buying, in addition to the anticipated increase in demand on restocking activities ahead of festive holidays.
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