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Govt intervention possible to control rising steel prices: Report


Govt intervention possible to control rising steel prices: Report
India s domestic consumption in November 2020 was at 8.93 MT, 7.8 per cent higher on MoM level but 2 per cent lower in terms of YoY comparison
The increase in India s domestic steel consumption from 2QFY21 has led to higher cost which might invite a government intervention to curb prices, India Ratings and Research said on Friday.
In its steel monitor report, the agency cited that India s domestic consumption in November 2020 was at 8.93 MT, 7.8 per cent higher on MoM level but 2 per cent lower in terms of YoY comparison.
The improved domestic demand is reflected in steel prices which further increased in November 2020. ....

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