India: SAIL cuts wire rod prices by INR 500-1,000/t ($7-13/t) *correction

Steel Authority of India (SAIL) lowers list price of wire rod by INR 500-1,000/t* ($7-13/t) for May’22 sales, sources informed SteelMint. Post revision, effective price stands at INR 66,000/t ($862/t) ex-plant* basis for 6mm base quality Wire Rods, excluding GST at 18%.

*Correction