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Kolkata December 15, 2008, in the last fortnight of selected rust and bone steel products prices have risen. Deposits gradually reduced and freight rates have begun to rise. Iron and steel industry, these circumstances and the seriousness vu is full of hope. The industry hopes that a demand falling at the beginning of next year. Stainless steel ferrochrome price of raw materials used in the last 15 days from 40 thousand to 45 thousand rupees per tonne per tonne moved on and is beginning to show an impact on the price of stainless steel. Jindal Steel Director (Business Development) rust and bone Arvind Prakash said the spelling used in making stainless steel prices have risen 2-3 per kg and Rs 51 per kg now. He said that due to production cuts in worldwide steel prices are getting stronger. International steel producers had cut production by 20 to 40 per cent and the prices of raw materials and finished goods are constant. Light due to the increase in freight movement of goods has declined. With stockists, service centers and goods at the consumer level is low enough that the stock has been significantly reduced. Uttam Galva Steel Director (Commercial) Face Miglani said that presently do not have stock. The Galois Best Western India's largest producers and exporters of hot rolled coils and steel is one of Galvnikrit. Miglani said international prices touched their lowest level are beginning to return. He said that the price of hot rolled coils in peak season was Rs 1,200 per tonne, which is currently available at Rs 600 per tonne. He said that once the holiday season will end and the international market prices are lower than domestic prices in this sector
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