Costlier crude oil pushing up raw material prices: Jindal Steel & Power MD
NEW DELHI: There is a need to control energy prices across the globe as rising crude oil rates, amid the Ukraine-Russia conflict, are making raw materials costlier for the steel industry, according to a top industry executive.
On the ongoing conflict between the two countries, Jindal Steel and Power Ltd (JSPL) Managing Director V R Sharma said, “It is a very unfortunate situation. Some oil companies are taking advantage of the situation. Respective governments across the world can keep price control as everything is run by energy.
