Vedanta has rolled out a pricing scheme for Micro, Small, and Medium Enterprise (MSME) units that are part of the metal sector to avail a discount offer of Rs500/mt ($7/mt) for the first 500mt of zinc, aluminum, lead, silver, steel and pig iron purchases.
The company scheme under the name of “Vedanta Saathi” celebrates MSME week until July 3.
Vedanta has a significant consumer base in the MSME sector that is a major part of the supply and value chain.
This scheme should push trades and demand for the metals offered by Vedanta and aid small-scale manufacturing units trying to recover from losses due to the second wave of COVID-19. If primary metal prices are availed at a discount, the market can expect to see a slight drop in scrap and alloy prices over the next few days driven by Vedanta’s lower primary metal prices.