IPMA Seeks Government Intervention to Regulate Steel Price

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Indian Pipe Manufacturers Association (IPMA) has sought government intervention to regulate the prices of steel, which are trading all-time high in India.

Requesting to Union Minister, the body has also demanded a temporary ban on its export. IPMA has also marked a copy of letter to the Prime Minister along with Ministry of Commerce and Industry, NITI Aayog Commerce Secretary, Steel Secretary and Department for Promotion of Industry and Internal Trade.

IPMA said that steel prices have increased more than 60 percent in the past 10 months and are expected to increase further by Rs 4000 per tonne in coming days.

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