Category: Rebar
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India: ESL Steel increases rebar, wire rod prices by INR 2,000/t ($27/t)
Vedanta subsidiary ESL Steel has increased list prices of rebar and wire rod by INR 2,000/t ($27/t) for mid-Jan’22 deliveries. Effective prices: Rebar (12-32mm, BF-route): INR 56,500-57,000/t ($759-766/t) Wire rod (5.5-6mm): INR 56,500-56,800/t ($759-763/t) Prices are on exy-Delhi basis, excluding GST at 18%. The price hike is an outcome of improved demand and cost push,…