A venture of Micky Metals Limited, Micky Power Plus TMT 600 SD has organized a Panel Discussion on price hike in sectors like Power, Metal, Steel and Real Estate due to the Pandemic. This discussion aimed to find out the possible solution to keep the steep price hike in control. Experts like Mr Shivam Asthana, (President, Ruchi Reality), Mr Pradip Chopra (Chairman, PS Group) and Mr Raghav Raj Kanoria (MD, India Power Corp Ltd), Mr Saket Agarwal, Director and Mr Sumit Agarwal, Director, Micky Metals Ltd. Director of Micky Metals Ltd, Mr Saket Agarwal 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.
The industry experts have emphasized the recent price hike and its impact on Power, Metal, Steel and Real Estate sectors. During the panel discussion, the panellists also discussed a huge demand for steel from China post-lockdown and how it has become the prime reason for the price hike. The attendees focused on the issue of global price rise due to less availability of the raw materials in the global market and its impact on the price of these specific sectors.
