Ludhiana: In a double whammy for the iron and steel traders dealing in various types of raw material, including HR coil, wire rod, TMT bars, round bars, among others, there is a huge drop in demand for these products and on the other hand steel-producing companies are pressuring them to buy more stock.
According to businessmen, rates of steel products have registered a slight drop, but the micro, small and medium enterprises (MSME), who are biggest consumers of these products, are anticipating a further fall and purchasing only in limited quantities.
Maninder Pal Guliani, president of Ludhiana Beopar Mandal, says, “In the last two months, there has been no buyer in the market for steel due to low demand in the domestic sector. On the other hand, steel companies are not correcting the prices, though there has been a small drop. Present market rate of HR coil is Rs 62,000 per tonne, which means there is a correction of around Rs 7,000 per tonne in two months, but still the demand
Ludhiana: Residents are furious over frequent changes in the vaccination process, like increasing the gap between the first and the second dose of Covishield, no uniformity in the functioning of jab centres that are often changed, and shortage of doses. On Monday, the Centre approved on-site registration and appointment for vaccination of 18-44 years age group, but only at government centres.
Rajkumar Singla, president of Fastener Suppliers’ Association of Ludhiana, said, “Total mismanagement is going on in the vaccination process in the country and the government is to be blamed for it. Every day the rules are changed. Earlier there were on-the-spot registrations, then the entire system shifted online. Now again for some age groups the government has allowed spot registration, but only at government centres. This is a complete mockery of the system and people are being made to suffer.”
Ludhiana: With coronavirus cases not slowing down and fatalities rising in the district, business associations have come forward to help the administration and the government.
Several businessmen are already providing oxygen free of cost in huge quantities and during the past few days they have also deposited with the administration hundreds of cylinders lying in their factories. Besides, many vaccination camps have been organised by the industry in which not only workers and businessmen, but the public was also immunised.
To overcome shortage of beds in hospitals, Chamber of Industrial and Commercial Undertakings (CICU) has pledged to support the initiative of the administration to set up a 50-bed makeshift hospital at the Meritorious School in Civil Lines. Upkar Singh Ahuja, CICU president, said, “Recently, a meeting was held with DC Varinder Sharma, councillor Mamta Ashu, Dr Bishav Mohan and other senior officials of the district administration to help the community by settin
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