SAIL, Tata Steel hike prices by up to Rs 1,000 a tonne
Date : Aug-05-2009 11:36
On account of increasing demand in the country, major steel producers SAIL and Tata Steel stated that they have increased the prices of flat steel by up to Rest 1,000 a tonne. Additionally, rate cuts are in the offing for long steel products, used primarily by the construction sector. In the mean time, SAIL has already decreased the prices by up to Rs 2,000 a tonne of long steel products.
SAIL has increased flat steel products, excluding sheets and mill plates, in the range of Rs 800 to Rs 1,000 a tonne and cut long steel prices by Rs 500 to Rs 2,000 per tonne, when constructions came down primarily due to the monsoon season whereas they have also increased prices of its flat products in spot prices in select markets by Rs 500 to Rs 1,000 a tonne.
Date : Aug-05-2009 11:36
On account of increasing demand in the country, major steel producers SAIL and Tata Steel stated that they have increased the prices of flat steel by up to Rest 1,000 a tonne. Additionally, rate cuts are in the offing for long steel products, used primarily by the construction sector. In the mean time, SAIL has already decreased the prices by up to Rs 2,000 a tonne of long steel products.
SAIL has increased flat steel products, excluding sheets and mill plates, in the range of Rs 800 to Rs 1,000 a tonne and cut long steel prices by Rs 500 to Rs 2,000 per tonne, when constructions came down primarily due to the monsoon season whereas they have also increased prices of its flat products in spot prices in select markets by Rs 500 to Rs 1,000 a tonne.
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