India increases steel prices

Immediately all Indian metallurgical companies announced an increase in selling prices for metal rolling out since September 2013. Companies such as Sail, Essar Steel, Jindal Steel and Power and JSW Steel curled up that from September 1, the cost of one ton of leaf steel on Sail will be more expensive for $ 40 (2500 rupees), Katanka will rise in price by $ 35 (2000 rupees) and reinforcement will become more than $ 30 (1800 rupees) per ton. Other metallurgical plants also raised prices for $ 30 - 40 $ 40 per ton of metal rolling.

The remaining manufacturers such as Tata Steel and ISPAT NIGAM RASHTRIYA did not officially announce the increase in prices, but according to Indian traders are in the process of increasing prices.