Tag: Indian primary mills increase rebar contract prices for project sales for Jan’23

Indian primary mills have increased their monthly contract rebar prices for the projects segment for January 2023 sales, SteelMint learnt from sources. Subsequent to revision, effective prices are hovering at around INR 59,000-60,000/t ($722-734/t) FOR Mumbai. Factors behind increase in prices: 1. Increase in raw material prices: Prices of steel-making raw materials have been on…