Indian galvanizers hike prices
Indian steelmakers are announcing price increases due to strong zinc prices.
According to the reports, the increases range between Rupees 1,000 ($23) and Rupees 1,600 ($36) per metric ton.
JSW Steel has reportedly increased its
galvanized steel price by 3 percent, or Rupees 1,000/metric tons ($23). Then, Uttam Galva announced that it increased its prices by Rupees 1,600/metric tons ($36).
According to the reports, Ispat is also increasing its price by Rupees 1,000/metric tons ($23) for the domestic market.
The average price of
galvanized steel will now be around Rupees 34,100/metric tons ($770).