Category: Rebar

India: ESL Steel raises long steel prices by up to INR 2,000/t ($26/t)

Mar 2, 2022

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by

Kanishka Chhabria

in Rebar

Vedanta subsidiary ESL Steel has revised long steel prices for Mar’22 sales, sources informed SteelMint. Effective prices: Rebar (IS 1786, Fe 500D): INR 65,500-66,000/t ($866-873/t), up INR 1,000/t ($13/t) Wire rods (SAE 1008): INR 63,500-64,000/t ($840-846/t), up INR 2,000/t ($26/t) These prices are on exy-Delhi basis, excluding GST at 18%. Robust demand, healthy order books…