Author: Aditi Tiwari

After the price surge of INR 500-1,000/MT announced by the Indian steel majors in the first week of May’16, prices have remained unchanged since then. Current offers for 2.5mm HRC are assessed at INR 35,000-35,500/MT (ex-Delhi), INR 34,500-35,000/MT (ex-Mumbai) and INR 36,000-36,500/MT (ex-Chennai). All prices include excise of 12.5%. Offers for 0.9mm CRC are assessed…