Govt to set up panel to look at steel availability

Engineering goods exporters are demanding that they should get steel at global prices as domestic rates are higher. However, steel producers state that freight charges and cost of production is high in the country, which push up prices. "The committee will submit its report to steel and commerce ministries within two months. It will suggest measures which will be a win-win situation for both steel producers and engineering exporters," the official added. The decision to set up the committee, which will also have members from the engineering sector, was taken during a meeting last week between the senior officials of steel and commerce ministries and exporters.