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Major players in the iron and steel sector said that ill-planning and lack of regulatory oversight was creating distortions in the industry. Reuters/File
ISLAMABAD: Criticising the policy makers and government functionaries for inefficiencies, iron and steel sector stakeholders on Thursday said that after failing to run Pakistan Steel Mills (PSM), the officials were bent on destroying steel units in private sector.
Addressing a press conference, major players in the iron and steel sector said that ill-planning and lack of regulatory oversight was creating distortions in the industry. They further said that investment and growth in the steel sector would be contained if price distortions continued.
Stakeholders of the iron and steel sector have stated that policymakers and government functionaries are bent on destroying steel units of the private sector.
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