Indian government is warned regarding steel prices
Recent news in the market reports that, Indian government led by Bharatiya Janata Party (BJP) is warned to take certain measures to control rising steel and
pig iron prices. Moreover, unless the Indian government takes the warning into consideration, it is rumored that BJP will lose vote in the coming elections.
As a response to this warning, the government announced that they warned steel producers to bring down their prices by latest March 30, 2004.