Objectives.
Section 2
SEC. 2. Objectives. — The Authority shall have the following objectives: a) to strengthen the iron and steel industry of the Philippines and to expand the domestic and export markets for the products of the industry; b) to promote the consolidation, integration and rationalization of the industry in order to increase industry capability and viability to service the domestic market and to compete in international markets; c) to rationalize the marketing and distribution of steel products in order to achieve a balance between demand and supply of iron and steel products for the country and to ensure the industry prices and profits are at levels that provide a fair balance between the interests of investors, consumers, suppliers, and the public at d) to promote full utilization of the existing capacity of the industry, to discourage investment in excess capacity, and in coordination with appropriate government agencies to encourage capital investment in priority areas of the industry; e) to assist the industry in securing adequate and low-cost supplies of raw materials and to reduce the excessive dependence of the country on imports of iron and steel.