In view of changed economic environment, both globally as well as domestically, Ministry of Steel has initiated the process of drafting the New National Steel Policy in place of existing National Steel Policy 2005. An Apex Committee, headed by Secretary, Ministry of Steel and consisting of representatives of Planning Commission, Ministries/ Departments of Central Government and concerned State Governments has been constituted for monitoring the process of formulation of the New National Steel Policy. Four Task Forces have been constituted under the Chairmanship of eminent experts to study, analyze, consult and formulate draft policy documents in different aspects of the subject. These task forces are currently in various stages of discussion and consultation with the stakeholders and experts in the industry to identify all the relevant issues and come up with the policy prescriptions. A final view on the New National Steel Policy will be taken on receipt of reports of these Task Forces and after discussions with the various stakeholders in the matter.
The production of finished steel for sale in the country has been consistently higher than the real consumption of steel in the country. However, a small quantity of import as well as export of various products of steel takes place depending upon the specific requirements of the individual companies. The quantity of import has significantly reduced by about 35.8% during April-September 2011 in comparison to the corresponding period of the previous year.
The figures of real consumption, total production for sale, import and export of finished steel during last three years and the current year are given below:-
Year | Total Finished Steel (million tonnes) | |||
Production for sale | Import | Export | Real Consumption | |
2008-09 | 57.16 | 5.84 | 4.44 | 52.35 |
2009-10 | 60.62 | 7.38 | 3.25 | 59.33 |
2010-11* | 66.01 | 6.80 | 3.46 | 65.61 |
2011-12 (April-September)* | 34.86 | 2.88 | 2.26 | 34.03 |
% change** | 9.5 | (-) 35.8 | 53.3 | 2.8 |
Source: Joint Plant Committee (JPC ); * provisional; ** over same period of last year | ||||
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