JSW Steel Ltd. has announced an increase of INR 1,000/t ($13) in HRC and CRC prices from 16 Oct’21 – the second time in Oct.
Effective list prices after hike:
HRC- INR 68,500-69,000/t ($917-923)
CRC- INR 78,500-79,000/t ($1,050-1057)
Prices are exy-Mumbai, excluding GST at 18%.
Spike in coking coal prices, recent surge in restocking activity, and demand recovery are the key reasons behind the hike, SteelMint learnt from sources.
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