Tuesday, July 3, 2007

JSW, Ispat Reduce Hot-Rolled Steel Prices in India to Match Global Rates

(Bloomberg) -- JSW Steel Ltd., India's fourth-
largest steelmaker, and Ispat Industries Ltd. cut prices of hot-
rolled products to match global rates.

JSW cut prices by as much as 800 rupees ($20) a metric ton
to about 26,500 rupees a ton, Seshagiri Rao, finance director,
said today by telephone in Mumbai. Ispat lowered the rate by 500
rupees to 800 rupees a ton to about 26,000 rupees, spokesman
Suman Das Sharma said.


Read more at Bloomberg Commodities News

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