Steel Titans Meet Goyal Amidst Price Volatility

Union Commerce and Industry Minister Piyush Goyal chaired a crucial meeting with leading steel manufacturers in Mumbai on Saturday, August 2, 2025. The discussions focused on the current volatility in steel prices.

The meeting aimed to address concerns regarding domestic steel production and its impact on various sectors. Participants included representatives from major steel companies across the country.

Sources suggest the rising global demand and fluctuating raw material costs were key discussion points. The government’s role in stabilizing the market also came under scrutiny.

Goyal reportedly assured the industry of the government’s support in navigating these challenges. Specific policy measures are expected to be announced soon.

This meeting holds significant implications for India’s infrastructure projects and manufacturing sector, both heavily reliant on steel. The outcome will directly impact construction costs and overall economic growth.