Author: Abhishek Bhalla
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India: Primary Mills Hike Long Steel Prices; Further Increase in Pipeline
Indian large scale mills – SAIL, JSW Steel, Electro Steel, TATA Steel & RINL (Vizag Steel) have increased rebar prices by INR 1,000-2,000/MT in Dec’19. As per sources, mills are planning to further hike in finished long steel prices for Jan’2020 deliveries. Following a significant hike in secondary steel prices along with decent export bookings,…