Stop steel exports at lower than domestic price: Consumers'

Steel consumers, who are feeling the pinch of high price of the metal in the Indian market, have demanded a policy intervention from the Centre to prevent steel producers from exporting steel below the domestic prices.

Several industry bodies have written to Prime Minister Narendra Modi seeking his intervention.

"The domestic steel should be supplied to the downstream industry at a price which is at par with international price," said the Federation of Industry and Commerce of North Eastern Region (FINER), an apex industry association of the region in a statement.

The Federation of Industries of India also demanded "steel should be supplied to the downstream industry at a price that must at least be equal to the price, at which the domestic steel mills export the metal."