India: SAIL increases structurals list prices by INR 500/t ($6/t)

Steel Authority of India Ltd (SAIL) has reportedly increased list prices of structurals by INR 500/t ($6/t) with effect from today. Post revision, effective prices of base grade light structural steel stand at INR 57,500-58,000/t ($696-702/t). Prices are ex-Mumbai basis, excluding GST at 18%.