SAIL reduces flat steel product prices
Steel Authority of India Ltd has cut prices on flat-rolled products by Rs 500-1,000 a tonne effective July 1.
By PTI |
NEW DELHI: In tune with the fall in prices of certain steel products globally, public sector behemoth Steel Authority of India Ltd (SAIL) on Monday reduced prices of its flat steel products by Rs 500 to Rs 1,000 per tonne.
"Prices have been reduced by Rs 500 to Rs 1,000 per tonne with effect from July 1 for galvanised plain and corrugated sheets. This reduction is in tandem with the fall in prices of certain steel products globally," a SAIL spokesperson told media.
"The demand for GP and GC sheets increases in the monsoons. Yet the prices of these products were reduced to make them more affordable to the common man," he said.
"However, the prices of long steel products like TMT bars and other products have been kept unchanged," the spokesperson added.
"Prices have been reduced by Rs 500 to Rs 1,000 per tonne with effect from July 1 for galvanised plain and corrugated sheets. This reduction is in tandem with the fall in prices of certain steel products globally," a SAIL spokesperson told media.
"The demand for GP and GC sheets increases in the monsoons. Yet the prices of these products were reduced to make them more affordable to the common man," he said.
"However, the prices of long steel products like TMT bars and other products have been kept unchanged," the spokesperson added.
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