SAIL cuts prices by Rs 500/MT for its MOU holders

SAIL is offering  its 0.8MM-3MM Cold Rolled Coil at a discount of Rs500/MT to its 
Memorandum of Understanding (MOU) holders. 

Ludhiana and Hyderabad CRC prices are trading at Rs 48,500/MT in line with reduced prices of SAIL.

 Jamshedpur 0.8MM-3MM CRC prices are being quoted at Rs 46,700/MT.

 However, the demand is low due to earlier stocking by traders.Therefore,this decrease in prices might result in improved demand of CRC.