Govt monitoring steel prices: Paswan

New Delhi, Apr 12 (UNI) Union Minister for Steel Ram Vilas Paswan today said the government was closely monitoring the increase in the cost of steel amid the current boom in the infrastructure and housing sector and observed there was need for regulating the price of the commodity without irking producers.

Talking to senior UNI journalists at the news agency's headquarters here, Mr Paswan said he had talked to steel producers on the possibility of a regulator on the lines of the Telephone Regulatory Authority of India. But since the industry was not in favour of such a regulator, a decision in the matter was still pending, he said.

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UNI/AJ/RA AT PC1726