Fastener Shanghai
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->Hike in steel price: Bizmen threaten to go on inde...You are the 381387 visitors
Views:651   |   recommendation:   |   Votes:0   |   Discuss:0
Hike in steel price: Bizmen threaten to go on indefinite hunger strike from Jan 11

City businessmen have sent a representation to the Prime Minister and the Union finance minister expressing disappointment over the price hike of Rs 7,000 per ton of iron and steel and requesting them to look into the matter. The industrialists felt that the price hike is unjustified as prime steel producers have set up a cartel to take undue advantage of small scale manufacturers of various items. They have also decided to go on indefinite hunger strike from January 11, if their demands are not met.

This issue was the highlight in a meeting of various associations led by Fastener Manufacturers Association of India ( FMAI) , Chamber of Industrial and Commercial Undertakings (CICU) and United Cycle and Parts Manufacturers Association (UCPMA) that took place at the Punjab Trade Centre, Ludhiana.

Giving more details Narinder Bhamra, president of FMAI said, "It was suggested in the meeting that the export duty on exports of steel be imposed to check the export of steel from India. We have also requested the government for formation of steel regulator and bringing steel raw material under the essential commodities act. It was unanimously decided by all present that if our demand are not met, we will hold dharnas and and go on an indefinite hunger strike from January 11."

Source: The Times of India City

2018/1/4 15:46:00

Previous:    China to invest $113b in railway in 2018
        Next:    China's excavator sales almost double in 2017

Recent Related News
China's steel industry vows to rise to US challenges--2018-04-09
CSC to hike prices for Q2 deliveries as global steel supplies remain tight--2018-03-22
China's dumping of steel into Canada groundless: Chinese Embassy--2018-03-17
Official: China's steel demand has peaked--2018-02-06
Chinese steel ends Western monopoly--2018-01-26
China releases new steel capacity replacement policy--2018-01-09
More industrial overcapacity to be cut for high-quality economy in 2018--2018-01-09
China's steel export price hits near four-year high--2017-12-20
China Steel to raise steel prices next year--2017-11-28
China's steel prices to stabilize in 2018: industry group--2017-11-27
Global steel demand expected to grow moderately--2017-11-16
Steel demand growth to stay flat next year--2017-10-26

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener3fastener

Fastener Shanghai


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

• WIN EURASIA Metalworking, Mar 15-18, 2018, Turkey

•Taiwan International Fastener Show, Apr 10-12, 2018, Taiwan

•Fastener Fair USA, Apr 11-12, 2018, USA

•M-Tech Nagoya, Apr 11-13, 2018, Japan

•wire & Tube Düsseldorf, Apr 16-20, 2018, Germany


Show Room



Offer Product

Latest News
• 2018 Taiwan International Fastener Show Successfully Opens

• North America's Most Established Gathering of Fastener Industry Professionals Secures Dates for International Fastener Expo through 2020.

Buyers' Guide
Company News

• microGLEIT Technology: A German Professional Lubrication Solution Provider

• Dongtai Huawei to Attend Korea 2017 Metal Week, Booth No. 8a103, Welcome to Visit Us!

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener