Last week, Indian steel minister has advised public sector steel majors not to increase prices and also warned the private players that the price hikes would be closely monitored by the government. TATA Steel has also said that it is no haste to increase prices

As the self imposed moratorium is getting over on August 7th 2008, the moves by other players would be unveiled this week. But as such no fire works are expected and some of the steel mills may maintain the base prices but revise quality extras to mop the premiums to some extant.

As the markets are already ruling at high levels and the international markets have crashed last month ……..

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