Experiments in Steel Pricing

after a 1.5 per cent increase in the base prices of all steel items way back on April 7, 1979. Prices were put up even en July 15, 1980 in the range of 1.21 per cent as in the case of cold rolled sheets to 37.12 per cent as in the case of light rolls (30 lbs). By and large, taking all JPC items together, the July 1980 increase was of a minor nature consequent upon the upward railway freight reclassification of pig iron as well as the increases in railway freight rates for all iron and steel materials.