Thursday , October 21 2021

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 Dharmendra Pradhan in a written reply in the Rajya Sabha today.

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