Micky Power Plus TMT 600 SD, a venture of Micky Metals Limited, has organized a Panel Discussion on price hike in sectors like, Power, Metal, Steel & Real Estate due to the Pandemic. This discussion aimed to find out the possible solution to keep the steep price hike in control. An array of experts like, Mr.Shivam Asthana, President, Ruchi Reality, Mr. Pradip Chopra, Chairman, PS Group, Mr. Raghav Raj Kanoria, MD, India Power Corp/ltd has took part in the panel discussion along with Mr. Saket Agarwal, Director, Micky Metals Ltd. and Mr. Sumit Agarwal, Director, Micky Metals Ltd. and shared their valuable insights on price control.
As per reports Due to the pandemic, China’s steel production was affected for nearly four months from December 2019 later they started importing steel from every possible source from March 2020. During the panel discussion the industry experts have emphasized on the recent price hike and its impact on Power, Metal, Steel and Real Estate sectors.In addition to this the panelist discussed about huge demand of steel from China post lockdown and how it has become the prime reason for price hike. Moreover 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.
Speaking on the occasion, Mr.Saket Agarwal, Director, Micky Metals Ltd. 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. We are happy to discuss these major issues our industry is facing due to the pandemic with a hope to recover the growth in the upcoming financial year”
About Micky Metals Ltd.: Micky Metals Limited, one of the pioneers in the steel industry is one of India’s leading manufacturers of value-added and high-end steel TMT Bars. The Company has built for itself a reputation on the roots of customer faith and quality products. Micky Metals Ltd. prides itself in contributing significantly to the infrastructural development of the Nation.