Steel ministry, industry trade charges on soaring prices
THE government and the steel industry locked horns on Wednesday, blaming each other for the soaring steel prices. While Tata Steel managing director B Muthuraman blamed the government for not playing a constructive and positive role to contain prices, steel secretary RS Pandey said the government has taken all possible steps to control inflation and the responsibility fell on steel companies that were still reaping high margins despite a rise in input cost.