India: JSW Steel lifts HRC and CRC list prices by up to INR 2,600 ($36)

Indian steel giant, JSW Steel has announced an increase in list prices of HRC by around INR 2,100/t ($29) and CRC by around INR 2,600/t ($36), SteelMint learned from company officials. The revised price for HRC stands at INR 53,500-54,000/t and CRC at INR 64,00-64,500/t (exy-Mumbai), exclusive of GST @ 18%. Restricted supplies of HRC, robust demand from auto sector and consumer durable goods lead to steep hike in prices in Jan’21