Financial Daily from THE HINDU group of publications
Monday, Dec 06, 2004
Financial Daily from THE HINDU group of publications Monday, Dec 06, 2004 |
|
|
|
|
|
Opinion
-
Letters Steel price regulation
Two major steel companies have announced yet another Rs 500-1,000 per tonne increase in the last three days, sending the already volatile steel prices on another upswing. The situation is such that the Government is even contemplating setting up a steel regulatory body. But it should not turn the regulator into price controller. Price control only at the company level will not benefit the end user as most of the small and medium industries in the country are dependent on steel merchants in the local steel market, who further fuel a price hike rendering it inflexible to any reductions that the company may decide to introduce.
As the local steel market is still hit byshortages, hoarding and black-marketing, unless proper regulations are implemented at the last point of sale, it will serve no purpose. Sushil Mehra Bangalore
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
More Stories on : Letters | Steel
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|