SAIL SSP Privatization Will Lead to Stainless Steel Monopoly in India

President of the Tamil Nadu Congress Committee Mr. K.S. Alagiri said the privatization of India Limited Limited's steel plant at the Salem Steel Plant would result in a monopoly on the country's stainless steel market. Mr Alagiri said: “Currently in India 60% of the stainless steel market is owned by private players, with the remaining 40% being served by the Salem Steel Works. The privatization of SSP will lead to a monopoly on the stainless steel market, which will lead to higher prices for stainless steel products. "

He added that SSP is the reason why stainless steel products are available at affordable prices and the privatization of the plant will drive prices up.

Mr. Alagiri said that they are not against the development of private companies, but they are against transferring public sector obligations to private players. He said: “We are not against privatization or the development of private industries. But power supplies should not be passed on to private players. It should be run by the government. "