Day before Y`day,all steel producers have reduced flat steel prices by 1500/MT,that is around 5% on 30000/MT. Just imagine the oppertunity and profit fall.Better to remain away from speculation and enter once market settles down.
JSW Steel Ltd, India`s No. 3 steel producer, said on Wednesday its October crude steel production rose 34% to 453,000 tonnes on year.
Production of flat products, used in automobiles, rose 19% to 296,000 tonnes, while long products, used in construction and railway lines, rose 145% to 75,000 tonnes, it said in a statement.
| NIFTY 
