Indian steel ministry has asked producers to refrain from having multiple pricing of their produce and directed that they must have a single pricing mechanism and publicize it for the benefit of their consumers.
The directive comes amid reports that end users were paying much higher than the factory price of various steel products.
Mr Ram Vilas Paswan union steel minister said that “In the past 2 months to 3 months, allegations have been made that there are multiple prices of a product. For example the price mutually-agreed between the buyer and the seller was one while those products being sold through the retailers were differently priced.”
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