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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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Unfair to say domestic steel industry is a cartel: Tata Steel's Narendran


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