Apex engineering export organization EEPC India has alleged that domestic steel producers are taking undue advantage of the protectionist measures taken by the government.
January 27, 2018
According to Media reports, EEPC said, “Basking under a slew of protectionist measures initiated by the government, the Indian steel makers are enjoying a huge premium in the domestic market, up to USD 200 a tonne, cutting into the competitiveness of highly employment-oriented user industries, mostly in the SME sector.”
There is a clear discrimination against the domestic users as the steel makers are fully exploiting various protectionist measures, Engineering Export Promotion Council India Chairman Ravi P Sehgal said.
The export price is much lower than the domestic prices of the finished steel as also different products, he said.
