19 May 2012

Import of Steel


The Minister of Steel, Shri Beni Prasad Verma has said that data on import, export and net import of total finished steel for the last three years and April, 2012 is shown in the table below:-

Year
Total Finished Steel       (million tonnes or mt)
(a) Import
(b) Export
Net Import (a-b)
2009-10
7.382
3.251
4.131
2010-11
6.664
3.637
3.027
2011-12*
6.826
4.041
2.785
April, 2012*
0.545
0.312
0.233
Source: Joint Plant Committee (JPC); *provisional;










In a written reply in the Rajya Sabha today Shri Verma said, Steel is a de-regulated sector. In a de-regulated, open market economy, the role of the Government is that of a facilitator and in that capacity, it promotes/encourages growth of steel industry through suitable policy measures. In order to promote the domestic steel industry, the Government has framed the National Steel Policy and constituted an Inter-Ministerial Group (IMG) to monitor and coordinate the issues concerning major steel investments in the country related to infrastructure, raw material supply, environmental clearance and other resource constraints.

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