India’s steel majors seeking govt intervention to control raw materials prices | Commodities Corner
India’s Steel Majors Are Seeking Govt Intervention To Control Raw Materials Prices. Mills has flagged issues in the price discovery process of coking coal by international players and has reportedly asked the government to push for a “more realistic” price discovery mechanism. Steel makers, through the Indian Steel Association (ISA) – which includes AM/NS India, JSW, Tata Steel, Jindal Steel & Power and PSUs like SAIL and RINL – have called for intervention and action across two key price indexes, namely Platts and Argus Indexation which “remain subjective” in determining coking coal price. Catch Manisha Gupta in conversation with Dhruv Goel, CEO, Big Mint
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