Rashtriya Ispat Nigam Ltd hiked 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. On April 3, RINL had brought down prices of its TMT bars by Rs 1,800 following a meeting with the Steel Ministry. 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
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