December 28, 2018 / 9:57 AM / 2 months ago

SAIL chairman wants to sign JV with ArcelorMittal next month

File Photo: A motorcyclist rides past an advertisement of Steel Authority of India Ltd. (SAIL) at a street in New Delhi, August 5, 2016. REUTERS/Adnan Abidi

(Reuters) - Steel Authority of India Ltd (SAIL) wants to sign JV agreement with ArcelorMittal next month, SAIL’s chairman said on Friday.

Higher input costs mean no scope for a cut in local steel prices, SAIL Chairman Anil Kumar Chaudhary said.

Reporting by Neha Dasgupta

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