Category: Rebar

India: JSPL hikes rebar prices by INR 1,000/t ($13/t) for April sales

Apr 4, 2022

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by

Kanishka Chhabria

in Rebar

Jindal Steel and Power Ltd. (JSPL) hiked rebar (12-32mm, IS1786) prices by INR 1,000/t ($13/t) with effect from 1 Apr’22, sources informed SteelMint. Post revision, the price stands at INR 76,000-76,500/t ($1,007-1,014/t) delivered-Delhi basis, excluding GST at 18%. Increase in the cost of production as a result of higher raw material prices, i.e. iron ore…