PTI reported that the PHD Chamber of Commerce and Industry has requested the government to have a regulator to check rising steel prices. PHDCCI's Metals & Minerals Committee Chairman Mr Anil Kumar Chaudhary, during his address at a session organised by PHDCCI to discuss the issues faced by the stakeholders of the industry, said “Micro, Small & Medium Enterprises of the steel industry are facing various issues today and high prices of steel is a major one. I suggest and request for a regulator for the sector that can check and regulate the issues including prices in the sector.”He added “Besides prices, MSMEs also face issues like timely availability of raw materials and its transportation. All these issues have a cascading effect on the growth and performance of the smaller companies that have financial commitments with banks and customers.”Minister of State for Steel Mr Faggan Singh Kulaste, who was the chief guest, assured government support to address the issues being faced by the steel MSMEs and invited suggestions from the stakeholders on the same. He said “There can be a discussion on it.”
PTI reported that the PHD Chamber of Commerce and Industry has requested the government to have a regulator to check rising steel prices. PHDCCI's Metals & Minerals Committee Chairman Mr Anil Kumar Chaudhary, during his address at a session organised by PHDCCI to discuss the issues faced by the stakeholders of the industry, said “Micro, Small & Medium Enterprises of the steel industry are facing various issues today and high prices of steel is a major one. I suggest and request for a regulator for the sector that can check and regulate the issues including prices in the sector.”He added “Besides prices, MSMEs also face issues like timely availability of raw materials and its transportation. All these issues have a cascading effect on the growth and performance of the smaller companies that have financial commitments with banks and customers.”Minister of State for Steel Mr Faggan Singh Kulaste, who was the chief guest, assured government support to address the issues being faced by the steel MSMEs and invited suggestions from the stakeholders on the same. He said “There can be a discussion on it.”
