SAIL to hold prices without levying raw material surcharge
SAIL would sell cheapest still products as it announced holding the price line without levying raw material surcharge of Rs 5000 per tonne.
By PTI |
NEW DELHI: State-run Steel Authority of India would possibly be selling cheapest still products as it announced holding the price line without levying raw material surcharge of Rs 5,000 per tonne, resorted to by all the big private sector producers.
SAIL was the first to announce on April 22 to hold the present price line for two-three months, followed by Tatas, Jindals and others.
"All other producers agreed to hold on to their price line after levying a raw material surcharge of Rs 5,000 to Rs 6,000 per tonne" a steel industry official said.
After Prime Minister Manmohan Singh asked steel producers earlier this week not to manipulate the market for short term gains, all major producers had announced holding their prices.
The prices of the PSU's flat products were also lower than those of other producers.
Market sources said the price differential between SAIL's produce and products of private steelmakers was considerable. The PSU's price of 8 MM steel plates was around Rs 46,832 per tonne, while that of another steel company was Rs 50,856 a tonne.
Similarly, the price of SAIL's Galvanised Corrugated steel sheets was Rs 51,192 a tonne, Essar sold it at about Rs 55,060, the official said.
SAIL was the first to announce on April 22 to hold the present price line for two-three months, followed by Tatas, Jindals and others.
"All other producers agreed to hold on to their price line after levying a raw material surcharge of Rs 5,000 to Rs 6,000 per tonne" a steel industry official said.
After Prime Minister Manmohan Singh asked steel producers earlier this week not to manipulate the market for short term gains, all major producers had announced holding their prices.
The prices of the PSU's flat products were also lower than those of other producers.
Market sources said the price differential between SAIL's produce and products of private steelmakers was considerable. The PSU's price of 8 MM steel plates was around Rs 46,832 per tonne, while that of another steel company was Rs 50,856 a tonne.
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Similarly, the price of SAIL's Galvanised Corrugated steel sheets was Rs 51,192 a tonne, Essar sold it at about Rs 55,060, the official said.
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