Indian SAIL increases long product prices again
According to market reports from the industry Steel Authority of
India (
SAIL), leading steel producer of
India, plans another price increase around Rupees 500/t (around $11/t) on its long products within a week. Last week
SAIL raised its prices by Rs 1'000/t ($21.7/t).
It is also stated that this second price increase will face no reaction by the market as domestic demand for long products, particularly to re-rolled bars, is pretty high due to activity seen in
construction operations.