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September 08, 2008


RINL denies price hike news

Rashtriya Ispat Nigam Limited vide a release has denied a news about price hike last week.

It said that “With reference to the news report “RINL hikes steel price by INR 6,000 per tonne” published in the BL edition dated April 16th 2008, RINL has denied that it has put up its prices.

BL had reported that Rashtriya Ispat Nigam Limited has increased prices of all its products by INR 6,000 a tonne, which would translate into effective increase by INR 6,840 per tonne considering 14% excise duty.