Last Updated :
26 September 2009 at 16:05 IST
SAIL not to hike steel prices in Oct
NEW DELHI (Commodity Online): Steel giant SAIL is unlikely to hike steel prices next month as it sees a downward trend in the international market, especially China.
According to the company, there is no upsurge in prices. The international prices are cooling off especially in the Chinese market. So there is not much uptrend expected in India in October.
The steel maker hiked the prices of its products twice in as many months. It hiked rates by Rs 1,000 per tonne of its flat steel products, which are used mainly by the auto and consumer durables sector in August and later revised the rates upwards earlier this month by Rs 1,500 a tonne on the back of improved demand and positive global trend.
The prices of flat steel products vary in the range of about Rs 29,000-40,000 per tonne in the domestic market.
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