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)
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