Steel makers reduce prices by Rs 500-750/tonne
Posted: Fri Oct 03, 2014 1:45 am
Stagnant demand amidst higher supplies forced almost all domestic steel producers to prune prices for the first time in the current fiscal ranging from Rs 500-750 a tonne providing some relief to end-use sectors. "We have lowered the price by Rs 500-750 a tonne for the current month. Following this, the price of the cost of Hot Rolled Coil cost around Rs 36,000 per tonne," an official of a private steel maker said.