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The PHD Chamber of Commerce and Industry (PHDCCI) has requested the government to have a regulator to check rising steel prices. Chairman of the PHDCCI's metals and minerals committee, Anil Kumar Chaudhary said micro, small and medium enterprises (MSMEs) of the steel industry are facing various issues currently and high prices of steel is a major one.

Chaudhary stated, besides prices, MSMEs also face issues like timely availability of raw materials and its transportation. He added all these issues have a cascading effect on the growth and performance of the smaller companies that have financial commitments with banks and customers.

Meanwhile, Minister of State for Steel Faggan Singh Kulaste assured government support to address the issues being faced by the steel MSMEs and invited suggestions from the stakeholders on the same.