Consumers
are the feeling the heat of rising steel and cement prices.
Cartelisation is blamed for the steep hike in the prices
of cement and steel. The issue had its echo in Parliament,
with senior ministers warning the manufacturers not to resort
to unfair trade practices. The Union Finance Minister Chidambaram
has said cement producers are acting
like a cartel.
Realty
players cry foul Accusing the cement and steel
companies of 'cartelisation', real estate players said construction
costs have gone up by Rs
225 per sq ft.
'No
sign of cartelisation' One to the rescue of steel players!
Market forces determine the steel prices and not cartelisation,
says the Union Minister of State for Steel, Jitin
Prasada.