ISL increases flat steel price by Rs3,000/ton
MG News | February 21, 2022 at 12:10 PM GMT+05:00
February 21, 2022 (MLN): Amid an upsurge in prices of raw material in the international market, flat steel player International Steel Limited (ISL) has increased prices of Cold Rolled Coil (CRC) and Galvanized Coil (GC) for 1mm by Rs3,000 per ton, clocking in at Rs208,500 and 215,850 per ton, respectively, well-informed sources told Mettis Global.
This new price is effective from February 21, 2022.
To note, local players cut the prices by around Rs8,000 per ton in early December 2021.
This price hike could be attributable to the reversal in international flat steel prices.
Last week, Amreli Steel Limited (ASTL) had increased rebar prices by Rs2,000 per ton with effect from 14th February 2022.
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