India says steel firms to cut some prices by 10 pct
NEW DELHI, July 3 (Reuters) - Indian steel firms on Thursday pledged to cut prices of steel pipes and tubes by 10 percent, R.S. Pandey, a secretary at the steel ministry, said.
The government had called a meeting with steel firms to persuade them to cut prices and help tame inflation that hit a 13-year high of 11.42 percent in mid-June.
(Reporting by Mayank Bhardwaj, Editing by Mark Williams)
© Thomson Reuters 2009 All rights reserved
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
India
US
UK
