ADAY after major domestic steel makers raised prices of their products, the government has asked the steel industry to rein in prices saying that failure in doing so could attract a price regulatory mechanism. "We have taken the rise in steel prices seriously. We want to increase the per capita consumption of steel and as such rise in prices will have to be reasonable," Steel minister Ram Vilas Paswan said here on Saturday. He pointed out that the usual alibi given by steel makers for raising the prices is that the rates have shot up globally. "We will meet the steelmakers within a week to ascertain the reasons behind this price rise," he pointed out.
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