Government again warns against steel price hike

September 25th, 2009 NEW DELHI - The state-owned Steel Authority of India Ltd (SAIL) is unlikely to hike prices of its products because of softening demand in international markets. International steel prices are cooling off, especially in China," said SAIL chairman S.K.

September 11th, 2009 Kolkata, Sept 11 (IBNS)The announcement of hike in steel prices by most of the major steel producers across the country has re-placed the Indian forging industry on troubled grounds. In spite of repeated appeals to make the domestic steel prices equivalent to international ex-factory steel prices, there was already an increase in steel prices last month.

July 9th, 2009 NEW DELHI - Union Minister of Petroleum and Natural Gas Murli Deora on Thursday said that government will roll back the price hike of Rs 4 and Rs 2 a-litre on petrol and diesel respectively, if international crude oil prices stabilise between 50 to 60 dollars a barrel. "Yes, we will cut prices if crude prices stabilise for sometime between 50 and 60 dollars per barrel," Murli Deora said.

July 4th, 2009 MUMBAI - Shiv Sena activists staged a protest here against the rise of vegetable on Friday. They alleged that the rise in fuel prices had had a cascading effect on the prices of vegetables and other essential commodities.

July 2nd, 2009 AGARTALA - Tripura Chief Minister Manik Sarkar Thursday demanded that the central government immediately withdraw the hike in petrol and diesel prices while the ruling Communist Party of India-Marxist (CPI-M) announced mass demonstrations Friday to protest the hike. Petroleum Minister Murli Deora Wednesday announced a hike of Rs.4 per litre for petrol and of Rs.2 for diesel.

July 2nd, 2009 ROHTAK - Farmers have reacted strongly to the hike in the prices of petrol and diesel. The delayed monsoon is forcing them to irrigate their fields through tubewells, which consume around 15-20 litres of diesel.

July 2nd, 2009 AGARTALA - The Tripura unit of the Communist Party of India-Marxist (CPI-M), the dominant partner of the ruling Left Front, will hold agitations across the state Friday to protest against the hike in fuel price. Petroleum Minister Murli Deora Wednesday announced a hike in petrol price by Rs.4 per litre and by Rs.2 per litre for diesel, attributing it to rise in global crude prices.

July 1st, 2009 NEW DELHI - India Inc Wednesday welcomed the government's decision to raise fuel prices, saying the move would help oil companies reduce their huge subsidy burden. "With hike in prices of diesel and petrol, oil companies will be able to avoid red ink in their balance sheet as they were bleeding under the burden of subsidies, discounts and oil bonds," Sajjan Jindal, president of the Associated Chambers of Commerce and Industry (Assocham), said in a statement.

July 1st, 2009 KOLKATA - The Trinamool Congress, the second largest party in the Congress-led United Progressive Alliance (UPA) government at the centre, expressed its unhappiness with the decision to hike fuel prices. "We are not happy with this decision of the centre.

July 1st, 2009 THIRUVANANTHAPURAM - Kerala Chief Minister V.S. Achuthanandan Wednesday demanded that the central government immediately withdraw the hike in petrol and diesel prices and provide relief to the common people.

June 25th, 2009 MUMBAI - JSW Steel vice chairman and managing director Sajjan Jindal has been conferred the Willy Korf/Ken Iverson Steel Vision Award for his contribution to the steel industry, the company said in a statement Thursday. Jindal is the second Indian to receive the honour.

June 10th, 2009 NEW DELHI - Steel Minister Virbhadra Singh Wednesday pushed for divestment of stake in companies under his ministry and said he would take up the issue of adequate supplies of feedstock for steel units with the states concerned. "If the policy of disinvestment is approved, we have some companies on our mind, Singh told reporters while presenting his ministry's agenda for the next 100 days.

May 29th, 2009 NEW DELHI - The government may hike coal prices marginally, Minister of State for Coal (Independent Charge) Sriprakash Jaiswal said here Friday. "Keeping in view the current economic situation, we can hike the price if required, but the hike will be marginal," Jaiswal told reporters after taking charge.

May 6th, 2009 Canada warns US Steel about temporary shutdownOTTAWA — The Canadian government warned United States Steel Corp. on Wednesday that it must live up to its production commitments at the former Stelco Inc.

February 12th, 2009 NEW DELHI - Auto major Hyundai Motor India Friday hiked prices of three models - Santro, i10 and Accent - by up to Rs.14,600 on the back of rising input costs. Hyundai managing director Heung Soo Lheem had said in December last year that a price hike was imminent because of rising input costs.