Steel wrangle: Tata says such low prices not sustainable, cuts not reaching down
It was daggers drawn between the steel ministry and private producers today with the country's largest private steel maker Tata Steel slamming the government for its failure to ensure price cuts were passed on to end-users. The ministry, on its part, claimed that had it not intervened at first place, steel prices would have been higher by at least Rs 10,000 a tonne. It also warned distributors that those found profiteering would be strictly dealt with.