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SAIL cuts flat product prices

Published on Wed, Nov 04, 2009 at 13:23 |  Source : Reuters

Updated at Wed, Nov 04, 2009 at 14:26  

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Steel Authority of India Ltd has cut flat product prices by Rs 750 to Rs 1,500 (USD 16 to 32) a tonne, its chairman said on Wednesday.
The company expects prices to stabilise at these levels, S.K. Roongta told reporters at an industry conference. SAIL, the country's top producer of the alloy, posted an annual rise in sales of 30% in October.
(Reporting by C.J. Kuncheria; Editing by John Mair)

  

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