Home » Parliament » Steps to facilitate the reduction of Steel imports

Steps to facilitate the reduction of Steel imports

Government has taken following steps to facilitate the reduction of Steel imports,:-
(i)         Steel Import Monitoring System (SIMS) for advance registration of steel imports. The objective is to help the Government and industry to identify the exact steel grades being imported into the country in order to plan domestic manufacturing, besides advance information about any surge in imports.

(ii)   Issuance of Steel Quality Control Orders (SQCO) to stop non-standardised steel import and manufacturing and to ensure availability of quality Steel in the ssssscountry.

(iii)   Draft Framework Policy to promote setting up of steel clusters with focus on manufacturing units for value added steel, ancillaries, capital goods etc.

The details of production and demand/consumption of total finished steel (alloy and non-alloy) in the country for the period from April–August, 2020 (provisional) are as following:-

 

Item Total Finished Steel (alloy and non-alloy) (mt)*
Production 29.05
Consumption 26.41

The details of demand/domestic sale, production and export of steel by the two Public Sector Steel Undertakings i.e.Steel Authority of India Ltd. (SAIL) and RashtriyaIspat Nigam Ltd. (RINL) for April- August, 2020 are as following:

 

Name of Steel PSU Production (mt) Domestic Sales (mt) Export (mt)
SAIL 4.835 4.26 1.044
RINL 1.153 0.862 0.542

This Information was given by the Union Minister for Steel Shri Dharmendra Pradhan in a written reply in the Rajya Sabha today.

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Government has provided special packages on DAP over and above the NBS subsidy rates on need basis in order to ensure smooth availability of DAP

Government has implemented Nutrient Based Subsidy Policy w.e.f. 1.4.2010 for Phosphatic and Potassic (P&K) Fertilizers. ...

Production of coal

Most of the demand of coal in the country is met through indigenous production/supply. The ...

DPIIT promotes green logistics industry balancing economic growth and environment

The Government recognizes the importance of sustainable logistics for India’s economic growth and environmental well-being. ...

Government provides incentives to small tea growers

The Tea Development & Promotion Scheme for the period 2023-24 to 2025-26 inter alia includes ...

EXPORT OF SEA FOOD

The current status of the export of seafood from the country is given below:-   ...

INDIA’S REAL GDP PROJECTED TO GROW BETWEEN 6.5–7 PER CENT IN 2024-25

India’s real GDP is projected to grow between 6.5–7 per cent in 2024-25. The Indian ...

INDIAN ECONOMY NEEDS TO GENERATE NEARLY 78.5 LAKH JOBS ANNUALLY IN THE NON-FARM SECTOR UNTIL 2030 TO CATER TO THE RISING WORKFORCE

With the global labour market amidst a ‘disruption,’ and constantly being reshaped by the fourth ...

Air Pollution caused by Stubble Burning

The Ministry of Environment, Forests and Climate Change has identified Crop Residue Management as one ...

Combined Index of Eight Core Industries (ICI) increases by 5.2 per cent (provisional) in March, 2024 as compared to March, 2023

The combined Index of Eight Core Industries (ICI) increased by 5.2 per cent (provisional) in March, 2024 ...

Green growth and Green jobs to drive India’s journey towards the target of net zero carbon emission by 2070

Union Minister for Steel and Civil Aviation, Sh. Jyotiraditya M. Scindia, today (4 March, 2024) ...

WP2Social Auto Publish Powered By : XYZScripts.com