Essar Steel hikes HR steel prices

Essar Steel hikes HR steel prices

Indian steel producer Essar Steel has recently announced that it increased prices of hot rolled steel products by around Rupees 500-1'000 ($10.8-21.6) per ton. The base price for the subject product is now around Rupees 25'500 ($550) per ton. As previously reported by SteelOrbis, the prices were last revised in February as Indian government demanded steel producers not to hike hot rolled steel prices till June.