SAIL chairman gives cautious outlook on steel prices
Reuters reported that Steel Authority of India Limited does not expect steel prices to fall but is cautious on prospects of improvement in prices.
Mr SK Roongta chairman of SAIL told reporters after the company reported a 28% drop in June quarter net profit that 'We do not see any pressure on prices at this moment but we have to be cautious when we are talking of improvement in prices also.”
(Sourced http://www.steelguru.com/news/index/2009/07/31/MTA0ODA4/SAIL_chairman_gives_cautious_outlook_on_steel_prices.html)
Thursday, July 30, 2009
SAIL chairman gives cautious outlook on steel prices
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