Thursday, 20 Oct 2011
BS reported that to avoid long term shortage of downstream products like steel pipes, thanks to drastic production cuts by hot-rolled coil producers, the Federation of Industries of India has urged the mines ministry to ensure regular supply of iron ore to them.
Warning about its long term affect on the overall industrial growth, Mr HL Bhardwaj FII secretary general said "The government should immediately intervene and help save the downstream steel-consuming industry from the crisis by maintaining regular iron ore supply to plants to avoid a serious setback to growth in housing and infrastructure sectors."
(Sourced from Business Standard)
BS reported that to avoid long term shortage of downstream products like steel pipes, thanks to drastic production cuts by hot-rolled coil producers, the Federation of Industries of India has urged the mines ministry to ensure regular supply of iron ore to them.
Warning about its long term affect on the overall industrial growth, Mr HL Bhardwaj FII secretary general said "The government should immediately intervene and help save the downstream steel-consuming industry from the crisis by maintaining regular iron ore supply to plants to avoid a serious setback to growth in housing and infrastructure sectors."
(Sourced from Business Standard)
Posts
No comments:
Post a Comment