| Font Size |
He said the ministry will hold a meeting with all the steel makers on February 15 to discuss this issue and take a final decision.
Steel prices have gone up by an average of Rs 2,000 to Rs 2,500 per tonne across all categories and is further expected to go up by another 5 to 8 per cent within this month. Paswan said it is true that higher costs of coking coal and iron ore have impacted steel prices and public sector steel makers also have been forced to increase prices. “The ministry can bring about an immediate control on steel prices of public sector units but that will have hardly any impact on the market, as two third of it is dominated the private players. Controlling prices of PSU steel will help no one but the middle men,” he said.
Discuss this story on expressindia forums
|
|