{"id":473539,"date":"2022-03-07T08:55:51","date_gmt":"2022-03-07T03:25:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=473539"},"modified":"2022-03-07T09:16:07","modified_gmt":"2022-03-07T03:46:07","slug":"expensive-crude-oil-pushing-up-raw-material-prices-jindal-steel-power-md","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/expensive-crude-oil-pushing-up-raw-material-prices-jindal-steel-power-md\/","title":{"rendered":"Expensive crude oil pushing up raw material prices: Jindal Steel &amp; Power MD"},"content":{"rendered":"<p>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.<\/p>\n<p>On the ongoing conflict between the two countries, Jindal Steel and Power Ltd (JSPL) Managing Director V R Sharma said, &#8220;It is a very unfortunate situation. Some oil companies are taking advantage of the situation&#8230; Respective governments across the world can keep a price control as everything is run by energy.&#8221;<\/p>\n<p>As the oil prices are going up, the freight rates are also moving in an upward direction impacting the cost of raw materials, he told PTI.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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, &#8220;It is a very unfortunate situation. Some oil companies are taking advantage of the situation&#8230; Respective governments across the world can keep a price control as everything is run by energy.&#8221; As the oil prices are going up, the freight rates are also moving in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-473539","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/473539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=473539"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/473539\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=473539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=473539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=473539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}