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SAIL, Essar Steel cut prices

Our Bureau

New Delhi , Aug. 1

STATE-owned Steel Authority of India Ltd (SAIL) on Monday lowered prices of its products by 4 to 8 per cent.

The steel major attributed this move to correction in global prices. A lower demand from China has advanced the fall in global steel prices, say industry experts.

Soon after SAIL cut its prices, Essar Steel also lowered the prices of its products by 3 to 8 per cent.

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