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Steel wrangle: Tata says such low prices not sustainable, cuts not reaching down

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    • Priyadarshi Siddhanta Tags : Posted: Thursday , Jul 17, 2008 at 0147 hrs

    B Muthuraman,Managing director, Tata Steel

    That government is the best which governs the least. If we did nothing, prices would have shot up by Rs 10,000-15,000, and this would have made our industry happy. Despite increase in raw material prices, some companies still have 20 per cent EBIDTA margins in June.

    Raghav Sharan Pandey, Secretary, steel ministry

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