October 07, 2008

AIFI welcomes price cut initiative by government

Association of Indian Forging Industry, following the announcement of reduction of steel prices by INR.4000 per tonne, has welcomed the move.

Mr Vidhyashankar Krishnan president of AIFI and MD of MM Forgings Ltd said that "We will welcome the initiative and move by the government. We have to wait and see how this translates reduction of forging quality steel."