Steel sector operates in a deregulated environment and in a liberalized market, prices are determined by a multitude of complex factors such as cost of raw materials, production cost, international steel price movement and the demand supply gap in the domestic market. In a deregulated market the role of a Government is limited to that of a facilitator. Nonetheless, the Government keeps a close watch on the price movement of commodities such as steel and takes appropriate fiscal measures whenever necessary, in order to ensure domestic availability and create a level playing field. Coutesy : PIB
