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Thursday, April 03, 2008

India's leading steel firms to cut prices - govt

India's large steel firms have agreed to roll back prices of long steel products, Steel Secretary R.S. Pandey told reporters after a meeting with big producers including Tata Steel and Steel Authority of India Ltd.

The government, concerned about soaring inflation, has announced a series of measures aimed at controlling prices and has held meetings with industrialists to persuade them to keep prices under .

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