The Minister
of Steel, Shri Beni Prasad Verma has said that the prices of steel items in the
domestic market have been fluctuating in accordance with the market conditions
such as demand supply scenario, trend of international steel prices, cost of
raw materials and other inputs. A table
indicating monthly price movement in respect of representative category of
steel items including those used for building purposes in retail market in four
main regions – Kolkata, Delhi, Chennai and Mumbai during the last three years
(2009-10, 2010-11 and 2011-12) is annexed at Annexure I to III.
In a written reply in
the Rajya Sabha today Shri Verma said, Steel is a deregulated sector. Accordingly, prices of various steel items
are decided by the individual producers based on market conditions including
demand supply scenario, trend of international steel prices, cost of raw
materials and other inputs, etc.
Government has no direct role in fixation of steel prices. However, Government intervenes through fiscal
measures, as and when need arises, to maintain steady supply position in the
domestic market and to boost steel production in the country.
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NSK/DB