Untitled Document
Excon, Excon 2011 Biggest Construction Equipment Trade fair India.
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www.epcworld.in
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Steel |
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12/10/2009 1:57:00 PM |
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New Delhi, Dec (EPC News): Considering the demand of steel in the country, which is likely to go up in the near future, steel ministry is facilitating to setup new steel production capacities, said A Sai Pratap, Minister of State for Steel in a written reply to Lok Sabha today. |
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"The public sector units - Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) have already undertaken major capacity expansion plans," he said.
SAIL has planned to increase its present capacity from 13.82 million tonnes per annum (mtpa) of crude steel to 23.46 mtpa by the year 2012-13. Similarly, RINL is also undertaking its liquid steel capacity from 3.0 mtpa to 6.3 mtpa by the year 2011-12.
"Most of the steel consumption growth in India is taking place on account of housing, infrastructure automobile and consumer goods sectors," said the minister.
Steel demand
The steel demand in the country is being met by the domestic production and imports. Therefore, the availability of steel in the domestic market is able to match the demand which is being met from domestic steel production as well as through imports.
"The steel consumption in the country is, however, growing at a rate faster than the domestic production. During the April-November period of the current year, as per the provisional figures released by JPC, the domestic production has grown by 3%, whereas steel consumption has shown a growth of 8.1%," said the steel minister.
By Rahul Kamat
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