Engineering exporter’s body EEPC India has sought government intervention to arrest the rise in steel prices. The engineering exporters, account for more than one-fourth of the country’s total merchandise exports, and comprises of mostly the MSMEs, which are battling the COVID-19 situation. As many as 29 out of 33 engineering panels exhibited a y-o-y decline in exports. The “unprecedented increase” in steel prices is making the situation for the engineering industry “unbearable”, EEPC India Chairman Mahesh Desai said.
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