ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

NEW DELHI-A Bigger Steel Plan

NEW DELHI-A Bigger Steel Plan

NEW DELHI A Bigger Steel Plan? B M STEEL prices have been increased by an average of Rs 175 per tonne for various categories. In addition, a surcharge of Rs 100 per tonne has been levied on some categories to raise a Development Fund of the order of Rs 50 crores a year for the industry. The price revision and the surcharge will together result in a significant improvement in the economics of the steel producers and they will be able to generate internal resources of about Rs 150 crores a year. If the price revision, had been refused, the industry I have ended the year in the red. By contrast, in the case of coal the suggestion of an increase in price has been rejected at least thrice by the Union Cabinet.

Dear reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top