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Your email address will not be published.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

Modified Electronics Manufacturing Clustersestimated to generate approx. 1.80 lakh jobs

The policies of Government of India are driven by the Hon’ble Prime Minister’s vision of ...

PROMOTION OF AGRO TEXTILES

With a view to boost Technical Textiles sector in the country including agro-textiles, Ministry of ...

The Department for Promotion of Industry and Internal Trade Recognises 1,97,692 Startups Under Startup India Initiative

The Department for Promotion of Industry and Internal Trade (DPIIT) has recognised 1,97,692 entities as ...

Exemption Deadlines for Select Chapter 73 and Stainless Steel Flat Products Extended to 31 March 2026

In order to preserve the interests of stakeholders and ensure steady market availability of critical ...

Ministry of Steel Eases Rules for Import of Steel Grades Not Covered Under QCOs

In order to streamline the regulatory framework governing steel imports and to facilitate ease of ...

Wellness Tourism in the Country

Development and promotion of tourist destinations and products, including wellness tourism is undertaken by the ...

Pharmaceuticals & Medical Devices Bureau of India has partnered with the Cooperative sector to open Jan Aushadhi Kendras through Primary Agriculture Cooperative Societies to increase access to medicines in rural areas

To increase access to medicines in rural areas, the Pharmaceuticals & Medical Devices Bureau of ...

6 new urea units with a production capacity of 12.7 Lakh MT each have been set up under New Investment Policy to facilitate fresh investment in the urea sector

The recommendations of the Standing Committee on Chemicals and Fertilizers regarding reduction of GST on ...

SAIL and John Cockerill India sign MoU to drive innovation and green steel technologies

Steel Authority of India Limited (SAIL), a Maharatna and India’s largest public sector steel producer, ...

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. ...