Steel under spotlight as price inches towards pre-Covid level

Fimi, EEPC raise issue with the govt over price hike, saying domestic market rates are higher than export prices

There is a growing clamour against an increase in steel prices effective from this month. 

A few days back, the Federation of Indian Mineral Industries (FIMI) wrote to Prime Minister Narendra Modi, seeking a price monitoring and regulation mechanism for sale of steel by integrated steel producers. 

This came on the back of Engineering Export Promotion Council (EEPC) India raising the issue of increasing domestic steel prices with the government. EEPC India Chairman Mahesh Desai said the council had presented its case case had been presented during the series of meetings held with the government.

“Main steel producers are exporting at every competitive