Integrated steelmaker ArcelorMittal Nippon Steel India (AM/NSI) has recently announced a hike in list prices of HRC and CRC by INR 750/t ($10/t) for end-Jan’22 sales, sources informed SteelMint.
- HRC: INR 64,750-65,250/t ($863-869/t)
- CRC: 70,750-71,750/t ($942-956/t)
- Prices are on exy-Mumbai basis, exclusive of GST at 18%.
Soaring coal prices and robust export bookings contributed to the price hike.
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