India Crude Steel (million tonnes or mt)
| ||
Year
|
Capacity
|
Production
|
2006-07
|
56.843
|
50.817
|
2007-08
|
59.845
|
53.857
|
2008-09
|
66.343
|
58.437
|
2009-10
|
75.001
|
65.839
|
2010-11
|
80.363
|
70.671
|
2011-12*
|
89.289
|
73.792
|
Source: JPC; *provisional
| ||
The Minister of Steel, Shri Beni Prasad Verma has said that data on year-to-year change in crude steel production does not indicate any decline. In a written reply in the Rajya Sabha, he added Steel is a de-regulated sector. The Government promotes/encourages growth of steel industry through suitable policy measures based on its assessment of industry performance. Public Sector Undertakings like Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) have launched their own expansion/modernization programmes to augment steel production capacity and adopt modern technology which is energy efficient, cost effective and environment friendly.
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