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Cap on steel prices not needed in an open economy: JSPL

Cap on steel prices not needed in an open economy: JSPL Addressing a webinar organised by Care Ratings, V R Sharma, the managing director of JSPL said the government should instead lead by example by asking PSUs like Steel Authority of India Ltd and Rashtriya Ispat Nigam Ltd to reduce prices Sumant Banerji | December 29, 2020 | Updated 21:06 IST With the mood turning against the industry, Sharma of JSPL admitted that prices need to get stable over the next few months and the industry needs to be cautious about any further hike As the clamour for curbing runaway prices of steel in the domestic market is gaining momentum, one of India s largest integrated steel companies Jindal Steel and Power Ltd has said the government should resist the temptation to cap prices of the commodity and not set a benchmark on profitability in an open economy.

Nitin gadkariNarendra modiVvikas bajajDharmendra pradhanNational mineral development corporationPower ltdAssociation of indian forging industryRashtriya ispat nigam ltdSteel authority of india ltdOdisha mineral corporationJindal steelCare ratingsSteel authorityIndia ltdNational mineral developmentPrime minister narendra modi

Ban steel and iron-ore exports as high prices is impacting forging industry in India: AIFI

The Association of Indian Forging Industry (AIFI) has urged the government to ban exports of steel and iron-ore as high steel prices are impacting the forging industry adversely in the country. The widespread disruption caused by the Covid-19 pandemic has affected the automobile industry and in turn the automotive components and forging industries. While the industry was reviving post the pandemic, the increase in steel prices is now hammering the forging industry in India. To manage the impact, forging steel manufacturers have hiked prices by 10 percent over the last six months, and have now sought a further 15 percent increase. While the initial increase itself was all but impossible to sustain, the further increase will prove to be disastrous, says AIFI.

United statesVvikas bajajYash jinendra munotAssociation of indian forging industryIndian forging industryCorona virusHot rolled coilIndex trendIron oreForging associationJinendra munotMiddle eastஒன்றுபட்டது மாநிலங்களில்விகாஸ் பஜாஜ்யஷ் ஜினேந்திரா முனோட்சங்கம் ஆஃப் இந்தியன் மோசடி தொழில்

Ban steel exports as high domestic prices harming forging industry: AIFI

Ban steel exports as high domestic prices harming forging industry: AIFI
daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.

United statesNew delhiAssociation of indian forging industryHot rolled coilஒன்றுபட்டது மாநிலங்களில்புதியது டெல்ஹிசங்கம் ஆஃப் இந்தியன் மோசடி தொழில்சூடான உருட்டப்பட்டது சுருள்

Rising price, shortage of steel likely to hamper revival of forging industry

Rising price, shortage of steel likely to hamper revival of forging industry
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Asheet pasrichaYash munotVarsha forgingsAssociation of indian forging industryTrinity engineersயஷ் முனோட்வர்ஷா மன்னிப்புசங்கம் ஆஃப் இந்தியன் மோசடி தொழில்திரித்துவம் பொறியாளர்கள்