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 Industry & Economy - Steel
Steel majors cut prices

Our Bureau

New Delhi , Sept. 1

Most of the Indian steel manufacturers on Friday announced price cuts in the range of Rs 500-1,000 for hot rolled flat steel. An upward trend is seen in long products.

Steel Authority of India Ltd reduced prices of hot rolled flat steel in the range of Rs 400-600 and cold rolled flat products by around Rs 300-400, while increasing the prices of semi finished and wire rods by around Rs 300-400, sources said.

Tata Steel and Jindal South West Steel (JSW) have cut prices by around Rs 1,000 each, while Essar Steel has reduced prices by 3 per cent.

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