For example, Amreli Steels Ltd (ASL) has quoted the new price of Rs201,000 per tonne for 9.5/10mm and 12mm and Rs199,000 per tonne for 16mm and above.
Faizan Steel has issued the price for 10mm-12mm at Rs200,500 per tonne and Rs198,500 per tonne for 16mm-25mm.
The price of steel bar in November 2020 was Rs110,000-113,000 per tonne, which has almost doubled in a little over one year pushing up the construction cost besides sending many small players out of business.
