SAIL, India's largest public sector integrated iron and steel producer has increased its Re-bar prices and Galvanized sheet prices by 2% ( i.e. Rs 800-1000/MT).
Market players anticipate other major steel producers like Tata steel and Jindal steel to hike their steel prices on rising production cost soon.
Following are prices of 12mm Re-bar (Incl VAT ) offered by SAIL:
City Dec 2011 Jan 2012 Change (Rs/MT)
Rourkela 46900 48000 1100
Bhilai 47000 48000 1000
Bangalore 46900 48000 1100
Mandi 46700 47700 1000
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