Global demand subdued, SAIL to freeze prices
September 25th, 2009 - 4:28 pm ICT by IANS ( Leave a comment )New Delhi, Sep 25 (IANS) The state-owned Steel Authority of India Ltd (SAIL) is unlikely to hike prices of its products because of softening demand in international markets.
“International steel prices are cooling off, especially in China,” said SAIL chairman S.K. Roongta here Friday.
Indicating that his company was unlikely to raise prices from next month as was widely speculated, Roongta said: “There is no upsurge in prices.”
SAIL had hiked prices of its products such as flat steel by Rs.1,000 a tonne last month, and raised it again by Rs.1,500 a tonne following growth in demand in international markets.
Currently, prices — depending on the product — range between Rs.30,000 and Rs.40,000 per tonne in the domestic market.
- Steel Authority cuts price again - Nov 16, 2009
- Steel Authority sees no further steel price rise - Feb 04, 2010
- SAIL mulls contracts with engineering exporters - May 17, 2010
- Steel Authority profit down 17 percent - Oct 30, 2009
- SAIL commissions pipe coating plant at Rourkela - Feb 13, 2010
- SAIL eyeing 14 percent growth this fiscal - May 17, 2010
- High Gold Prices Result In Muted Demand Across India - Sep 16, 2010
- Government to conduct survey to assess rural steel demand - Oct 23, 2009
- NALCO hikes aluminium prices by Rs.3,000 per tonne - Apr 25, 2011
- Vedanta Aluminium to raise capacity to 2.5 million tonnes - Dec 06, 2011
- No immediate hike in prices: Tata Steel - Aug 05, 2011
- NALCO hikes aluminium prices - Jun 01, 2011
- Aviation fuel prices raised - Apr 15, 2011
- Steel price hike ruled out, cut might follow (Lead) - Aug 22, 2008
- Car-makers to increase prices from January - Jan 01, 2011
Tags: china, flat steel, global demand, international markets, international steel, New Delhi, rs 1, rs 40, steel authority of india ltd, steel prices
