NEW DELHI, Nov 4: Low prices of steel in the market now is a problem for small companies, especially when the Government is aiming to increase capacity of this important sector in the next five to seven years, Steel Secretary Sandeep Poundrik said on Tuesday. Addressing the ‘STEEL SUMMiT 2025’, Poundrik said five years ago prices of the steel were higher than what they should have been. “But today prices of steel are lower than what they should have been. So price is a challenge… Small players are facing problems,” he said. Poundrik said that about 150 small players have stopped production of steel because of low price. So people, these small players, are facing problems. You just saw the results of quarter 2 of all companies, almost all of them, the profit margins reduced, he

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