India: ESL Steel increases long steel prices by up to INR 2,000/t ($24/t)

ESL Steel Ltd has increased list prices of rebars by INR 1,500/t ($18/t) and wire rods by INR 2,000/t ($24/t) owing to strong order bookings and cost push, sources informed SteelMint. Effective prices-

• Rebar (12-32 mm, IS 1786): INR 58,500/t ($708/t)
• Wire rods (5.5-6 mm, SAE 1008): INR 58,000/t ($702/t)
• Prices are exy-Delhi basis, excluding GST at 18%.