SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SAIL hikes prices of long and flat products on rising demand

06 Mar 2012 Evaluate

State-owned, Steel Authority of India (SAIL), has yet again hiked prices of both long and flat products for March, on rising demand. Though the increase is marginal, the prices of long products such as TMT bars have been hiked by Rs 500 to Rs 1,000 a tonne.

In Delhi, the maximum recommended retail price (MRRP) of 8 mm TMT bar has been increased to Rs 51,100 tonne, up from Rs 50,100 a tonne in January. In Kalamboli, a key market in Maharashtra, the MRRP for SAIL’s TMT including a 3 per cent Octroi stands at Rs 52,600 (Rs 52,100 in January).

Similarly, the 0.5 mm galvanised coil sheet produced in Bhilai Steel Plant has now been priced at Rs 56,700/tonne in Delhi against Rs 56,100 in February. The price of such sheet in Kalamboli now stands at Rs 63,200 (Rs 62,600 in Feb).

This is for the second time that the company has hiked the prices in past three months. Earlier, the company had increased prices in October 2011, after a long gap of around 10 months.

SAIL Share Price

167.90 1.80 (1.08%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 206.55
JSW Steel 1204.00
SAIL 167.90
Jindal Stainless 765.15
APL Apollo Tubes 1978.50
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×