Mining group writes to PMO for transparency in domestic steel pricing

Demands domestic steel price monitoring, regulation mechanism

With domestic primary steel producers raising product prices month after month, the Federation of Indian Mineral Industries (FIMI) has written to the Prime Minister's Office (PMO) requesting a price monitoring and regulation mechanism for the sale of the alloy by these producers.

“The price of steel sold domestically should be in line with cost of production in the domestic market. The input cost of domestic steel players since almost all now have captive mines is very much under control. Then where is the need to have steel prices aligned with international prices,” Ashish Das, joint secretary general at FIMI told