Looking at the present market scenario, Rashtriya Ispat
Nigam Ltd (Visakhapatnam steel plant) hikes steel prices by Rs 500/MT w.e.f. 1st of December 2012, according to a press release.
8 mm Rebar of IS1786 Fe500D grade in Vizag is quoted at Rs 45,550/MT
(incl. ED/cess and excl. VAT/CST) for December 2012.
The company achieved sales turnover of Rs 1,085 crore in
November, registering a growth of 5 per cent. By-product sales of Rs 364 crore
was also higher by 13 per cent.
On the production front too, crude steel recorded a growth
of 3 per cent supported by the growth in production of hot metal and saleable
steel. Production was partly affected due to deficit in power supply from the
Government but the situation is now likely to improve.
RINL's captive generation has also picked up with more
availability of thermal coal from Coal India Ltd, the release added.
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