Steel Authority of India Ltd (SAIL) has reduced prices of flat steel products by Rs. 500 to Rs. 1,000 per tonne from 1.7.07, in line with the prevailing market. However, though the demand for GP/GC sheets - which have large-scale requirement for roofing purposes - rises during the monsoons, prices for these products have also been lowered in order to make these products more affordable for the general public.
Prices of long steel products like TMT bars, etc., have been kept unchanged.