Tag: Indian mills announce 2nd price hike

Indian steel mills have announced a second price hike by around INR 1,500-2,000/t ($20-27) for Dec ’20. Prices have been increased on the back of lower inventories and robust buying in trade segment. Effective prices by major steel mills after 2nd increase: JSW Steel- HRC stands at INR 49,400/t and CRC at INR 58,400/t (exy-Mumbai).…