The News reported that Pakistan Steel Mill has no plan to further cut its product prices in predictable future dismissing market talks that the mill is going to reduce its rates due to the decline in international steel prices.

PSM in statement said that “All relevant quarters are advised in their own interest not to pay attention to baseless rumors and continue their business activities without any misconception.”

It added that “The issue of Import Trade Price has been resolved and there will be no reduction in ITP value of Hot Rolled, Cold Rolled and galvanized products in the coming future.”