: FICO appeals govt to ban steel export to help domestic manufacturers #FinanceIndia #StockMarketNEWS FICO appeals govt to ban steel export to help domestic manufacturers Ludhiana, Mar 19 (KNN) In
@StockMarketNEWS Mon 21 Mar, 2022
FICO appeals govt to ban steel export to help domestic manufacturers #FinanceIndia #StockMarketNEWS
FICO appeals govt to ban steel export to help domestic manufacturers Ludhiana, Mar 19 (KNN) In wake of the rising steel prices, Federation of Industrial and Commercial Organisation (FICO) has urged the Steel Minister to ban export of steel to help indigenous manufacturers.
FICO, Chairman, KK Seth, and President, Gurmeet Singh Kular, have requested Prime Minister Narendra Modi and Ram Chandra Prasad Singh, Minister of Steel, to intervene and stabilise the steel prices.
The industry and consumers are drastically hit by the increase in prices of steel which has hiked by over Rs 10 per kg in one month.
Senior officials of FICO, Seth & Kular said, the rise in steel prices is unjustified with MSMEs, as previous orders have not been completed, the industry have to purchase steel and iron at renewed prices.
Such regular hike is dangerous for the industry which has majorly impacted the local manufacturers, losing its competitiveness in the international market.
They pointed out that despite being rich in iron ores, steel prices are increasing exorbitantly which will lead to major loss of the economy if the government doesn’t intervene. (KNN Bureau)
Stock Market News & Best Intraday tips & Stocks near support
More posts by @StockMarketNEWS
: Latest market news Daily updates #StockMarketNEWS NIFTY50 16976 NIFTYBANK 35749 Sentiment was positive Sensex, Nifty rally as crude oil eases 27% from highs; US Fed in focus
@StockMarketNEWS Thu 17 Mar, 2022
: Latest market news Daily updates #StockMarketNEWS NIFTY50 16663 NIFTYBANK 35023 Sentiment was negative Sensex loses 709 points, Nifty below 16,700; Tata Steel falls 5%
@StockMarketNEWS Wed 16 Mar, 2022
0 Comments
Sorted by latest first Latest Oldest Best
Stock Exchange charts NSE Stock Exchange BSE Stock Exchange USA Stock Exchange Stock Charts NSE FNO Stock Analysis
NSE Stock Exchange NSE stock market news stock intraday tips
MNC.News NASDAQ NSE BSE Money SIP
Munafa NEWSTerms of Use Create Support ticket Your support tickets Powered by ePowerPress Stock Market News! Top Seo SMO © munafa.website2024 All Rights reserved.