Integrated steel producer ArcelorMittal Nippon Steel (AM/NS) India has announced the second hike in list prices of HRC by INR 2,250/t ($31) CRC by INR 2,000/t ($27) with effect from today. The revised prices stand at around INR 56,500-56,900/t for HRC and INR 66,250-66,750/t for CRC . Prices are on exy-Mumbai basis, excluding GST @ 18%. Increase in raw material costs and limited supplies with robust domestic demand prompted the manufacturer to raise its list prices.
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