Steel Industry

Nitin Gadkari Warned The Steel Industry on Increasing Steel Rates

''Although these mills are earning foreign exchange by exporting steel, it's hampering export of finished goods which attract more value addition. Steel price per Kg ranges between 50-60 per kg whereas goods manufactured like Auto parts, Hand Tools, Bicycle Parts, Sewing Machine Parts sold at Rs 200 to Rs 350 per Kg and it provides employment of 110 Million in MSME in India,'' said Chamber of Industrial and Commercial Undertakings (CICU).