ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Isolation of Super Powers

August 31, 1968 producers. The re-rolling mills found it extremely difficult to purchase billets and this caused a surplus of billets and, at the same time, closure of steel re- rolling mills. Second, the prices of off-grade billets were increased specifically to discourage re-rollers from buying off-grade billets. There was a price difference of Rs 20 between the off-grade billets and the standard billets and the idea was to narrow down this difference. This reason did not exist when the second price increase in July 1968 was announced, and so there could be no justification for increasing the prices of off-grade billets by more than for other billets. In fact, from the point of view of maintaining qua- lity of the main plants, the prices of oil-grade billets should be much lower so as to discourage them from producing off-grade material.

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