Steel producers agree to cut prices

Rising price of steel once again spurred the government machinery into action with the steel ministry on Thursday getting all the major producers to agree for a set of stringent administrative action to check price rise and curb inflationary ...

Apprehending re-imposition of export duty in the wake of retail steel prices shooting high, steel producers today assured the government of publicising their prices to discipline the hoarders and reviewing maximum retail price (MRP) arrangements on ...

In a bid to help the Government fight inflation, the steel industry on Thursday agreed to reduce prices of select products by up to 10 per cent and also discourage exports to ensure greater domestic availability. At a three-hour long meeting ...

IST(3/7/2008) With reports of steel prices rising, government on Thursday cracked down on steelmakers asking them to rein in prices of pipes, tubes and flat products or face a ban in export of these products. The industry in turn agreed to cut ...

Under pressure from the government, producers of steel pipes and tubes on Thursday decided to slash prices by 10 per cent to contain inflation. "We have assured the government that we will not sell pipes and tubes at more than Rs 48,000 per metric ...

Exports are declining but they have to decline further," Pandey said. �All these measures will help lower steel exports by 30 percent to 40 percent. Availability of steel will go up by five million tonnes this year due to fall in exports and ...

R S Pandey, a secretary at the steel ministry, added that steel exports had fallen sharply from a year ago, boosting local supplies and raising hopes prices could stabilise. More India business stories The government arranged Thursday meeting with ...

The industry, including major and secondary steel makers, have agreed to reduce prices of pipes and tubes that had turned dearer in June, Steel Secretary R S Pandey said after a 3-hour long meeting with the manufacturers. The manufacturers said they ...