Micky Metals holds panel discussion on price spurt in steel

Micky Power Plus TMT 600 SD, a venture of Micky Metals Limited, organised a panel discussion on price hike in sectors like, power, metal, steel and real estate due to the ongoing pandemic.

This discussion aimed to find out the   possible solution to keep the steep price hike in control. An array of experts shared their valuable insights on the subject, said a press release.

The panelist discussed about the huge demand of steel from China post- lockdown and how it has become the prime reason for price hike. They also focused on the issue of price rise due to less availability of raw material in the global market and its impact on the prices of these specific sectors.

Saket Agarwal, Director, Micky Metals, said, “The price of steel has increased sharply in the last two months because of a pent-up demand in the rural sector post-lockdown and an unprecedented hike in iron ore price. This has sharply affected the growth the industry witnessed after the unlock process.  We are happy to discuss these major issues our industry is facing due to the pandemic with a hope to recover the growth in the upcoming financial year.”