Steel Production increases by Over 14 Million Tonnes in 3 Years

  • According to the Minister of State for Steel, Vishnu Deo Sai, the total steel production in the country has increased from 88.98 MT in 2014-15 to 103.13 MT in 2017-18.
  • The Government has notified the National Steel Policy, 2017 and the Policy for Providing Preference to Domestically Manufactured Iron and Steel (DMI&SP) in Government procurement, which create facilitative environment to improve domestic production and consumption of steel.
  • Government of India has also issued Quality Control Orders namelySteel and Steel Products (Quality Control) Order, 2018 covering 47 carbon/alloy steel and 6 stainless steel products. The Quality Control Order prohibits manufacturing / import of sub-standard / seconds and defective products.
  • In reply to another question the Minister of State for Steel said India has not been much impacted by the tariff imposed by USA since India’s exports to the USA were just around 2.2% before the imposition of the tariff.

Written by 

Leave a Reply

Your email address will not be published.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