SAIL to hold prices
SAIL has decided not to increase prices for the moment. Also, faced with the possibility of a cut in excise duty, the private sector steel makers who had announced imposition of a raw material surcharge of Rs 5,000 a tonne on hot-rolled steel, have now kept this in abeyance, sources said. "We have been told by the Government to hold prices,' a senior SAIL official said. Any decision on price revision will come only after the Government clearance, he added.