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Ambarish Mukherjee

New Delhi, April 15 Rashtriya Ispat Nigam Ltd on Tuesday increased prices of all its products by Rs 6,000 a tonne. Along with the existing excise duty of 14 per cent, RINL’s products would now be costlier by Rs 6,840 a tonne.

This paves the way for Steel Authority of India Ltd to hike prices that it had held back the past week even as the others announced a price hike of Rs 5,000 a tonne.

Primary steel makers such as JSW, Ispat, Essar and Tata Steel had announced an imposition of Rs 5,000 a tonne raw material surcharge on all hot-rolled steel products.

Earlier, on April 3, RINL had cut prices of its TMT bars by Rs 1,800 following a meeting with the Steel Ministry.

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