Sail & Tatas to freeze steel prices

Economy Bureau
Posted: 2008-04-23 23:58:21+05:30 IST
Updated: Apr 23, 2008 at 2358 hrs IST

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check prices. “I don’t think the government intends to use ban on exports as a long-term strategy for management (of prices),” he said.

Ahluwalia also dismissed any links between futures trading in commodities and the price rise, arguing that the futures market is non-inflationary. “The Abhijit Sen panel, which is studying the impact of futures trading on prices, has pointed out that in certain commodities, prices grew despite a ban on their futures because there was a global surge in their prices,” he said, before adding that banning futures in more commodities would be a serious mistake.” However, he clarified that these were his personal views. ...

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Sail & Tatas to freeze steel prices

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