India beats Japan to become world’s second largest steel producer

Steel minister lays emphasis on the need of safety in the production of iron and steel

GN Bureau | January 29, 2019


#steel producer   #India   #Japan   #iron   #steel   #Chaudhary Birender Singh   #SAIL   #RINL   #OMDC  

Steel minister Chaudhary Birender Singh has India has become the second largest producer of steel in the world leaving behind Japan and the USA.

 
He said when comparing the country’s per capita consumption of steel vis-a-vis the world consumption level which is 214 kg per capita, India has a long way to go. He said before 2014, India’s per capita consumption of steel stood at 57 kg which has now increased to 69 kg per capita.
 
Singh was chairing the parliamentary consultative committee meeting in Goa recently.
 
He laid emphasised on the need of safety in the production of iron and steel. The minister recognised the need to prevent injuries and accidents and for providing a healthy working environment and mitigating hazards and risks, he has decided to set up a safety directorate to oversee safety standards in the steel industry. It will be made functional soon. Singh said both the SAIL and the Rashtriya Ispat Nigam Limited (RINL) have comprehensive safety policies.
 
On the issue of mining, the steel minister said by 2020, large number of the mining leases will expire, which the ministry has taken cognizance of and is taking measures to tackle it. The mining activity of Orissa Minerals Development Company Limited (OMDC), a CPSE of steel ministry, is shut for the past few years and efforts are also on to make OMDC mine operational. 
 
The minister said the National Steel Policy 2017 envisages steel capacity of 300 million tonne (MT) which will be affected if mining activities are not smooth. He also said besides the existing mines, there is a need to focus on exploration of new mines.
 
He said along with National Steel Policy formulated in 2017, the policy for domestically manufactured iron and steel products has also been finalised to give preference to domestically produced steel. This has given impetus to the Make in India initiative and has also led to savings of around Rs 8,000 crore.
 
He further said the National Scrap Policy is also being formulated which will be ready in a few months. This will make available nearly 7 MT scrap in the country. Presently the requirement of scrap is around 8.3 MT and most of it is met with scrap imports. He said that steel produced out of scrap is of good quality and is environment friendly.  

Comments

 

Other News

Vande Bharat halts midway near Tundla

In a major embarrassment to the railways, the much touted Vande Bharat Express developed a technical snag at Chamraula, 15 kms from Tundla junction.   Prime Minister Narendra Modi flagged off the train on Friday from New Delhi station.    The train was

PM flags off India’s first semi high-speed train

Indian Railways entered a new era as prime minister Narendra Modi on Friday flagged off the country’s first semi high-speed train, Vande Bharat Express, from the New Delhi railway station. The new train is also seen as a success story of the NDA government’s ‘Make in India’

Estonia eyes on more e-Residents from India to open startups

Riho Kruuv, Ambassador of the Republic of Estonia talks to Vishwas Dass on key issues like the importance of e-Residency programme of the Government of Estonia and why Estonia is becoming a preferred investment destination for Indian startups and budding entrepreneurs. The Ambassador says Estonia offer

Happily working away!

There’s no dearth of self-help books. They come in a multitude of single-topic and hybrid varieties: habit change, management, habit change in management, spirituality, spirituality in management...you get the drift. Happiness at Work: Mindfulness, Analysis, and Well-Being, by R Anand, adds to the li

Budget and Modi’s ‘neo middle class’ strategy for elections

Those who have gained the most from the latest budget are the ones who are going to have the most crucial impact on the Lok Sabha election results. Who are they? They are hiding in plain sight. They have come to work in metros and cities, probably in recent years. They crowd inter-state bus terminals to ta

Gandhi’s essence

For a novice reader, MK Gandhi presents a formidable challenge. The starting point is usually the autobiography, with its well-known anecdotes which most of us

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter