Tag: India’s Vedanta-ESL raises long steel prices

Vedanta subsidiary ESL has announced a price hike for longs. The company has raised wire rod prices by INR 2,000/t ($27) for Nov’21. Effective prices: Low-carbon wire rod stands at INR 60,500/t ($816) Rebar (12-32 mm) is at INR 60,000/t ($810) Prices are on ex-plant basis, excluding GST at 18%. The price hike comes on…