India: SAIL rolls over flat steel prices for Sept’21 to boost sales*

PSU steel major Steel Authority of India (SAIL) has reportedly announced a roll over in list prices of HRC and CRC for Sept’21, sources informed SteelMint.

Current prices:

• HRC stands at INR 66,000-66,500/t ($903-910/t)
• CRC stands at INR 75,500-76,000/t ($1,035-1,041/t)
• Prices are on exy-Mumbai basis, excluding GST at 18%.

It is likely that, in order to boost trade activities in the domestic market, SAIL has rolled over prices.