Amreli Steels Ltd (ASL) has informed its business partners regarding a jump of Rs5,000 per tonne in the booking rate to Rs167,000 and Rs165,000 of two qualities with effect from Aug 6, citing continuous increase in raw material prices.
Manufacturers have raised steel bar prices by up to Rs57,000 per tonne since November 2020 when the rate was hovering at Rs110,000-113,000 per tonne.
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