India: ESL hikes long steel prices by INR 1,000/t ($12/t)

ESL Steel Ltd. has increased long steel prices by INR 1,000/t ($12/t), sources informed BigMint. Post-revision, effective prices were at:

  • Rebar (12-32 mm, IS1786): INR 57,000/t ($684/t)
  • Wire rod (5.5-6mm, SAE1008): INR 57,000/t ($684/t)
  • Prices are landed NCR, excluding GST at 18%.