The Steel Industry in India has seen exceptionally dynamic progress ever since independence -with different governments in power came different goals for steel manufacturing. Apart from this, there were a number of other political and physical factors that hastened or slowed down production. Steel manufacturers face multiple challenges when it comes to the generation of revenue and the maintenance of healthy margins. This is because there are multiple determining factors for this including global competition, material price volatility and increasing customer demands amongst others.

Businesses in the steel industry have to comply with a long list of regulatory requirements regarding safety compliance, corporate and environmental responsibilities, etc. Apart from compliance, there are huge governance mandates and risks that need proper and immediate mitigation that go hand-in-hand with regulatory compliance.

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