Cheaper options to cement, steel needed: Gadkari

New Delhi: Amid rising steel prices in the country, Union Minister Nitin Gadkari on Monday highlighted the need to explore alternatives to steel as well as cement, for bringing down their prices.

The Minister for Road Transport and Highways and Micro, Small and Medium Enterprises (MSMEs) said he has asked some people from Indian Institutes of Technology to carry out research on alternatives to cement and steel.

"Steel prices have increased by 65 per cent in the last six months," Gadkari, said adding that the steel and cement rates will reduce once cheaper alternatives are available. Addressing an event to launch products prepared under the Deen Dayal Upadhayay Vigyan Gram Sankul Pariyojana, the Minister also cited the example of soyabean cakes.