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RAJYA SABHA
The Government today ruled out the possibility of forming any Regulatory Body for keeping a check on steel prices. Since steel prices have been stable for the last few months, an independent Regulatory Body at this stage is not felt necessary. The price situation is being regularly monitored and Government may intervene if necessary.
This information was given by the Minister for Chemicals & Fertilizers and Steel Shri Ram Vilas Paswan in a written reply to a question in the Rajya Sabha today. He said that in the 18th National Steel Consumers Council meeting held in June 2004, some consumers had suggested formation of a National Steel Regulatory body for keeping a check on steel prices.
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