The day of reckoning arrived with steel majors ESSAR and SAIL finally acquiescing with a price reduction of INR 1000 per tonne to INR 1500 per tonne in flat products.
As per market reports, Essar steel reduced prices of HRC, CRC & GPC by INR 1000 per tonne ,whereas SAIL announced a rebate
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Monday, May 24, 2010
Indian steel majors bulk under abysmal market conditions
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