Amid surge in coking coal prices, Rashtriya Ispat Nigam Limited (RINL) increases the prices of various steel products by around INR 1,200-1,500/MT for Nov’16 delivery, according to sources.
Coking coal prices rose to over $200/MT now from $92/MT in July mainly because of higher demand from China amidst subdued local supply.
Over the last couple of months, RINL had hiked its prices by INR 2,000-3,000 /MT.
RINL is a state owned unit and one of the largest long steel producer in India with an installed capacity of 6.3 MnT per annum.
| S.NO | Item | Grade | Rs. per tonne |
| VZG | |||
| 1 | Billet 125×125 mm | IS 2830 | 29450 |
| 2 | Channel 200×75 mm | IS2062 Gr.A | 36100 |
| 3 | Rebar 8mm | IS1786 Fe500D | 37200 |
| 4 | Round 20.64 mm | 55Si7 | 41600 |
| 5 | Round 40mm | SAE1018 | 34300 |
| 6 | Wire rod 5.5mm | HC 50 – HC 85 | 38300 |
| 7 | Wire rod 7 mm | PC115 | 37850 |
| 8 | Wire rod 8 mm | EQ | 36950 |
| 9 | Pig Iron | LSB | 24638 |
The above prices are branch level prices incl. ED and excl. VAT/CST, etc.
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