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India steel price regulation of sorts likely on the card

Steel is a free market product in India, but it is a rather political one, and if the latest statements from a minister comes true, some kind of price restraints are on the horizon.
"Regarding steel and cement, this is really a problem for all of us. I feel that this is a cartel," Nitin Gadkari, minister for road transport & highways and also minister of micro, small and medium enterprises was seen saying on ANI news channel on Sunday, referring to rising prices


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