Page 111 - Steel Tech India eMagazine Volume October 2023

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the gathering covering the UHGXFH SROOXWLRQ OHYHO 7KRXJK WKHUH DUH ÀLS VLGH RI WKH
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industry to its current state. LV EURXJKW LQ IRU VSHFLDOLW\ VWHHO ZLWK D ORW RI LQFHQWLYHV
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big plants are heavily reliant on debt and borrowings, DPRXQW RI VWHHO 7KHUH LV URDG SURMHFW VXFK DV %KDUDW
WKH\ DUH SRZHU DQG ZDWHU JX]]OHUV DQG WKHLU UHOLDQFH Mala, rail project through Vande Bharat, Sagar Mala
on coal is not substituted as yet. He then explained SURMHFW IRU SRUWV DQG LQ WKDW 7DMSXU LV FRPLQJ XS LQ :HVW
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as Chotanagpur area in Eastern region and so also in IRU KRXVLQJ GUDPDWLFDOO\ 7KHUH LV DOVR ,QGLD 0LGGOH (DVW
other regions rather than spread across the country. (XURSH HFRQRPLF FRUULGRU DQG RYHUVHDV LQYHVWPHQWV
Steel prices go up and down depending on coal prices DUH FRPLQJ LQ ,QGLD $XWRPRELOH LQGXVWU\ *DV DQG
and he drew the analogy with crude prices and the Oil, Capital Industry are going up which increases
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such body to control coal prices the way crude prices VWHHO FDQ EH GRQH E\ LQWHQVL¿FDWLRQ WKURXJK 3/,
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