THE country’s top steel producers, including Tata Steel, SAIL and Jindal Steel, on Thursday decided to roll back the prices of long steel products, including construction-grade TMT bars by Rs 2,000 per tonne. The price cuts would be implemented immediately.

The reduction in prices of steel products is part of the measures introduced by the Finance and Steel ministry to lower inflation rates and provide relief to the common man directly using these products.

Accordingly, the steel companies have also agreed reduce the price of galvanised corrugated (GC) sheets use as roofing material for low-cost housing.