MoneycontrolDec 23, 2021High input cost of steel forces MSMEs to sell at lossThe steep hike in input costs is visible in the Wholesale Price Index (WPI)-based inflation, which scaled to a record 12-year high of 14.23 percent in November pushed by high prices of fuel, metals, food products and mineral oils.Just when micro, small and medium enterprises (MSMEs) were eyeing a recovery from two consecutive waves of COVID-19, the soaring cost of steel, a key raw material, has delivered another blow, forcing many units to sell their products at a loss.The steep hike in input costs is visible in the Wholesale Price Index (WPI)-based inflation which scaled to a record 12-year high of 14.23 percent in November pushed by high prices of fuel, metals, food products and mineral oils.Read more at Moneycontrol
The steep hike in input costs is visible in the Wholesale Price Index (WPI)-based inflation, which scaled to a record 12-year high of 14.23 percent in November pushed by high prices of fuel, metals, food products and mineral oils.Just when micro, small and medium enterprises (MSMEs) were eyeing a recovery from two consecutive waves of COVID-19, the soaring cost of steel, a key raw material, has delivered another blow, forcing many units to sell their products at a loss.The steep hike in input costs is visible in the Wholesale Price Index (WPI)-based inflation which scaled to a record 12-year high of 14.23 percent in November pushed by high prices of fuel, metals, food products and mineral oils.Read more at Moneycontrol
