Announcement

Thursday, July 9, 2009

Indian steel minister calls for pricing transparency

It is reported that Mr Virbhadra Singh union minister of steel has directed Indian steel producers to ensure that they maintain a complete transparency on steel prices and other commercial related matters.

Mr Singh during ASSOCHAM organized 3rd Steel Summit said that “Information on prices of various steel products, along with their availability in various regional markets must be regularly updated on their websites and published through local and regional language newspapers.”

He added that “All major steel producers must ensure that steel products of common use must be easily available to the common man, in all locations of the country under a reasonable and transparent price regime

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