Steel Authority sees no further steel price rise
February 4th, 2010 - 9:22 pm ICT by IANS ( Leave a comment )Kolkata, Feb 4 (IANS) The state-owned Steel Authority of India Ltd (SAIL) Thursday said it did not foresee any immediate escalation in steel prices.
SAIL increased the price of its flat products by Rs.500 a tonne earlier this week.
“We don’t see any further increase in steel prices. We have already raised it,” SAIL chairman and managing director S.K. Roongta told reporters on the sidelines of a programme here.
Roongta also said India’s largest coal miners Coal India has shortlisted S&T Mining — SAIL’s 50:50 joint venture with Tata Steel — for scouting and developing coal mines.
“Coal India had invited expression of interest and they have shortlisted S&T Mining,” he said.
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- NMDC scouts for mines in Mozambique, South Africa - Sep 08, 2010
- Global demand subdued, SAIL to freeze prices - Sep 25, 2009
- SAIL to form venture with Shipping Corporation - Mar 30, 2010
- SAIL, NMDC sign pact to develop Arki Limestone Mine in Himachal - Nov 16, 2009
- SAIL and POSCO discussing joint venture - May 17, 2010
- Steel Authority sees 10 percent sales growth this year - Nov 10, 2009
- Coal India rolls back recent price hike - Jan 31, 2012
- SAIL mulls contracts with engineering exporters - May 17, 2010
- NMDC to acquire coking coal mine in Russia - Sep 24, 2011
- Coal India braces for fresh bids in Mozambique - Jul 02, 2011
- SAIL investing Rs.20,000 crore for modernising Bengal units - Sep 10, 2011
- Tata Steel hopes to save Rs.100 using Dhamra port - Jan 18, 2011
- SAIL eyeing 14 percent growth this fiscal - May 17, 2010
Tags: coal india, coal miners, coal mines, escalation, expression of interest, joint venture, managing director, rs 500, shortlisted, sidelines, steel authority of india ltd, steel prices, tata steel, tonne
