Date:16/03/2004 URL: http://www.thehindubusinessline.com/2004/03/16/stories/2004031602310300.htm

Back HR, CR steelmakers' pact for working group

Our Bureau

New Delhi , March 15

THE hot rolled (HR) steel producers and the cold rolled (CR) steel producers have reached an agreement to set up a joint working group that will meet once a month and evolve a formula based on which prices of HR steel will be determined.

In a meeting here on Monday between the Indian Steel Alliance representing the HR steel makers and the Cold Rolled Steel Manufacturers' Association, it was decided that guidelines will be put in place, which will take care of the interest of the producers and the consumers.