Steel companies cut flat product prices by up to Rs1000/tn
03 Jul 2007
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Mumbai: Steel companies have cut flat product prices by Rs500-1,000 per tonne across categories, in keeping with the market conditions.
Steel Authority of India Ltd (SAIL) has reduced prices by Rs500-1,000 per tonne for flat steel. Prices of galvanised plain (GP) and galvanised corrugated (GC) sheets.
Essar Steel has cut prices by Rs700-800 per tonne while Ispat Industries has dropped prices by Rs600-800 per tonne, according to industry sources.
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Tata Steel spokesperson said, the company was yet to decide on price revision.
JSW
Steel officials said the company would decide tomorrow on prices.
SAIL
has kept prices of long products like TMT bars, unchanged.
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