By Our Correspondent
NEW DELHI:Union Minister for Steel –PNG Dharmendra Pradhan in a written reply in the Rajya Sabha on Wednesday said that Steel Industry is a de-regulated sector. Indian steel companies take their own decisions based on commercial and market dynamics. Government has brought National Steel Policy (NSP), 2017, Domestically Manufactured Iron & Steel Products (DMI&SP) Policy, Steel Scrap Policy and encouraged domestic steel usage in Government procurement. Quality Control Orders have been notified towards prevention of unfair trade practices
During the year 2018-2019, the total steel import constituted 7.9% of total demand of finished steel in the country. The total production, consumption and import of finished steel for the year 2018-2019 is as under:-
The total crude steel production capacity of the country during 2018-19 is 142 million tonnes. Details of the units engaged in Steel production are given at Annexure. As per Indian Mineral Yearbook, 2018 published by Indian Bureau of Mines, there were1430 reporting mines in 2017-18. Among them, 146 mines were in the Public Sector and 1284 in the Private Sector.