Category: HR Plate

Integrated steel producer, ArcelorMittal/Nippon Steel India (AM/NS) has recently announced a hike in HR plate (IS 2062, 5-10mm) prices by INR 3,000/t ($40) for Nov’21 delivery. Revised prices are at INR 73,000-73,500/t ($974-$981) exy-Mumbai, excluding GST at 18%. The price hike comes on the back of a recent spurt in restocking demand alongside an increase…