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Indian mills announce the fourth hike in flat steel prices

Indian steel producers announced the fourth consecutive hike this month by around INR 1,500-2,500/t ($20-34). Price rally in the international market coupled with robust demand from consumer durables and auto segments contributed to the continuous increase in steel prices.
Effective list prices of mills- SAIL-the revised prices stand at INR 51,500-52,000/t for HRC and INR 60,100/t (exy-Mumbai) for CRC. AM/NS India-after revision HRC price stands at INR 51,600-51,700/t and CRC at 62,200-62,300/t (exy-Mumbai). JSW Steel-offers of HRC are at INR 51,500-52,000/t and CRC at INR 61,500-62,000/t (exy-Mumbai). It may be recalled that the


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