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Tuesday, May 25, 2010

JSW Steel, Ispat may consider a price cut in June

JSW Steel Ltd said it may consider cutting prices of its flat products in June due to falling international steel prices, an official said.

Ispat Industries will also look at cutting prices in June on lower raw material prices, the firm's Director Marketing head Ashok Bharadwaj said.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Apr 14
02:30 Fed's Kashkari speech 2
04:00 Business NZ PSI 2 49.1 49.1
04:15 Electronic Card Retail Sales (MoM) 1 -0.8% 0.3%
04:15 Electronic Card Retail Sales (YoY) 1 -1.6% -4.2%
04:15 Visitor Arrivals (YoY) 1 1.1% 13.4%
12:00 Producer and Import Prices (MoM) 1 0.2% 0.3%
12:00 Producer and Import Prices (YoY) 1 -0.1%
17:30 OPEC Monthly Market Report 1
18:00 Wholesale Sales (MoM) 1 0.4% 1.2%
21:00 3-Month Bill Auction 1 4.175%
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