July 1, It is reported that some of the mines owner in eastern part of India have reduced their ore prices by upto Rs 800/MT, looking at weak demand in the domestic market.
“It was much awaited price cut; we have been anticipitaing it from past one month. It is good for the steel industry, prices are likely to get stable soon, said one the manufacturers based in West Bengal”
Reported By Richa Sharma (richa@steelmint.com)
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