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Industry body IPMA seeks govt intervention to regulate rising steel prices


Industry body Indian Pipe Manufacturers Association (IPMA) has sought government intervention to regulate the prices of steel, which are trading at an all-time high in India.
In a letter to Union Steel Minister Dharmendra Pradhan, the body has also sought a temporary ban on its export, a move which will prevent steel players from diverting their produce to the international markets.
Pipe manufacturers and MSMEs are struggling for a long time due to increased prices and shortage of steel in the domestic market. We had approached your (Steel Minister) office, requesting your kind intervention for regulating prices and imposing a temporary ban on steel export, the letter dated May 20, 2021 said. ....

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Manufacturers' body IPMA seeks govt intervention to regulate rising steel prices


Manufacturers body IPMA seeks govt intervention to regulate rising steel prices
In a letter to Union Steel Minister Dharmendra Pradhan, the body has also sought a temporary ban on its export, a move that will prevent steel players from diverting their produce to international markets
PTI | May 23, 2021 | Updated 13:40 IST
The Indian steel players shot up prices of Hot Rolled Coil (HRC) by Rs 4,000 to Rs 67,000 per tonne
Industry body Indian Pipe Manufacturers Association (IPMA) has sought government intervention to regulate the prices of steel, which are trading at an all-time high in India.
In a letter to Union Steel Minister Dharmendra Pradhan, the body has also sought a temporary ban on its export, a move which will prevent steel players from diverting their produce to the international markets. ....

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Logistics Data Bank (LDB) Services extended to 9 SEZs across India


New Delhi [India], May 17 (ANI/PRNewswire): NICDC Logistics Data Services (NLDS), a joint venture between the Government of India, represented by the National Industrial Corridor Development and Implementation Trust, and NEC Corporation, a leader in the integration of IT and network technologies, today announced extension of its Logistics Data Bank (LDB) services at 9 major Special Economic Zones (SEZ) across India to improve last mile container visibility.
Major SEZs include Visakhapatnam, SEEPZ Mumbai, Surat, MEPZ Chennai, Cochin, Kandla, Noida, Mangalore and Dahez SEZ. With container tracking services now live at these locations, exporters and importers will be able to get near real-time location information on container movement from ports to SEZs. ....

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