July 05, 2008

Uttam Galva Steel cuts galvanized steel prices

Uttam Galva Steels Limited announced that it has decided to reduce the prices of its galvanized steel products by INR 4000 per tonne with immediate effect.

The new Maharashtra base price for galvanized steel coil inclusive of all levies will now be INR 56000 per tonne. The price cut in galvanized steel is due to the drop in prices of HR coil by the integrated steel producer's for the domestic market.

Uttam Galva Steels Limited is a one of India's largest manufacturer and exporter of value added steel products. In the domestic market, it is a major supplier to the automobile, white goods, general engineering and construction industries. Some of its major end users include Bajaj Auto, Bajaj Tempo, M&M, Kirloskar, Crompton, L&T, etc. It currently exports its products to more than 135 countries including Australia, France, Germany, Greece, UK and USA.