MS Ingot across India has gained by Rs 300-400/MT on anticipation. Recent price hike of finished products by SAIL , Coal price revision by CIL and Iron ore price hike by Odisha miners made manufacturers raise their offers.
“Ingot prices might get support from rising input cost like sponge iron and scrap.” said an Ingot trader based in Maharashtra.
Current Ingot prices
Mandi= Rs 34950++
Raipur= Rs 32400-500++
Raigarh= Rs 35500+
Hyderabad= Rs 33600++
++ : Basic Prices, Excise and Taxes Extra
+ : Prices Incld Excise; Taxes Extra
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