Monday, November 16, 2009

Steel Authority cuts price again

The state-owned Steel Authority of India Ltd (SAIL) Monday said it has reduced the price of its product used by the white goods and auto industry by Rs.500 per tonne.

"We have further cut flat steel price by Rs.500 a tonne because of softening global trend," SAIL chairman S.K. Roongta told reporters here, but asserted he didn't see the price falling further. more.

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