Date:02/08/2005 URL: http://www.thehindu.com/2005/08/02/stories/2005080204591701.htm

Business - Briefly

SAIL cuts prices

NEW DELHI: Steel Authority of India (SAIL) on Monday effected a cut in its product prices by 4-8 per cent in keeping with the downtrend and correction in global markets. A SAIL spokesperson, however, said the prices of steel "would start firming up in a lead time of one to one-and-a-half months" after the correction phase.