India: Bhushan Power and Steel Limited raises HRC price by INR 3,700/t

Bhushan Power and Steel Ltd (BPSL) has raised the list price of HRC by INR 3,700/t ($51) with effect from 1 Jun ’21, sources informed SteelMint.

Current prices:

• HRC (1.6 mm grade) stands at INR 72,200/t
• HRC (2.4-12 mm grade) is at INR 68,700/t
• Prices are on an ex-plant basis, excluding GST @ 18%

Supply crunch due to high export orders have triggered a hike in domestic prices.