The country's largest state-run steel maker, SAIL, on Friday said it may cut prices of its products by more than Rs 500 per tonne in November on weakening international trends.
"There is a need to reduce the prices of flat steel products in line with softening international prices. Long steel prices in India are also under pressure, the reduction could be higher than Rs 500 per tonne," said SAIL Chairman R K Roongta
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