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Ludhiana: In a glimmer of hope for the city’s micro, small and medium enterprises (MSME) facing problems due to rise in the rates of steel raw material, Union minister Nitin Gadkari has hinted at forming a steel price regulator. Gadkari disclosed this during an interaction with a business association and also claimed that he had taken up the issue of rising steel rates with the Prime Minister. City businessmen are happy over the development and are hoping that MSME minister’s assurance will bring some results. They say that in addition to this, more steps, like banning export of steel, should be taken immediately. On the other hand, the steel ministry is drawing flak for failing to take notice of the rising rates. ....