Tata Steel announced that the company will not hike steel prices for the next two to three months, reports Economic Times.
The world`s sixth-larger steel maker, has decided to hold prices due to the rising input costs.
The government has urged the steel makers to cut the prices, due to the rising inflation level. In March end inflation touched 7.4%, its level since November 2004.
Shares of the company gained Rs 4.1, or 0.53%, to end at Rs 780.9. The total volume of shares traded was 761,909 at the BSE. (Tuesday)