Government of India Ministry of Commerce. Report of the Indian Tariff Board on the Fair Retention Prices of Steel Produced by the Tata Iron and Steel Company and the Steel Corporation of Bengal Bombay 1949

(iii) Although our inquiry is confined to the determination of fair retention prices of steel and is not concerned with the reorganisation of the industry we discussed the capes of lower production with the representatives of the Company since increased production has a close bearing on the question of prices. [...] Since steel is in short supply control over steel will have to continue for a few years more and the controlling authority will have to adjust the production plan to the demand and determine the priorities as between the requirements of the different consumers in relation to the capacity of the main producers. [...] We dime cussed the mat ter with the rep a sent Jives of the t WO steel companies and the representative of the AI Ysore Iron a11 1 St eel Works lillaAlravati as well as with the Iron and Steel Controller Government of India and the Under Secretary to the Government of India in the Ministry of Industry and Supply. [...] (b) We were informed that the production of steel was planned on the basis of orders received and in the light of past experience about the capacity of the plants and after due consultation with the main producers. [...] We therefore estimated the total amount of extras that would have been earned by the firm on its production of black sheets gauge by gauge on the basis of the rates given in the Extras List of the Iron and Steel Control and then found out the average rate of extra per ton of black sheets.