steel prices went down by 10%

Retailers already announced a 10% cut in prices.but steel producers hada meeting with a steel secretary on 3rd july 2008.In that meeting they have decided to fix Maximum retail price(MRP) for traders and present the rate was not constant for all traders and retailers.
JSW steel india vice chairman & MD,said,There is no transparentmechanism till date in most of the companies.steel authority has this mechanism where at the district level there have this MRP concept.So in today's discussion it came out clearly that we as an industry shouldhave MRP sort of a mechanism at the retail outlets from the small sellers.