November 20, 2008

Steel pipes to cost INR 48,000 a tonne - FII

BS reported that members of the Federation of Industries of India would sell steel pipes at a rate of INR 48,000 per tonne lower than INR 4,000 a price earlier.

According to the report, these prices are applicable till prices of hot rolled coil, the main input remains unchanged.

The primary steel producers, who manufacture HRC, had promised to hold prices for a three month period beginning May 7th. The price freeze ends on August 7th.