Press Information Bureau

Government of India

Ministry of Steel

17-May-2012 16:00 IST

The Minister of Steel, Shri Beni Prasad Verma has said that data on import, export and net import of total finished steel for the last three years and April, 2012 is shown in the table below:-

In a written reply in the Rajya Sabha today Shri Verma said, Steel is a de-regulated sector. In a de-regulated, open market economy, the role of the Government is that of a facilitator and in that capacity, it promotes/encourages growth of steel industry through suitable policy measures. In order to promote the domestic steel industry, the Government has framed the National Steel Policy and constituted an Inter-Ministerial Group (IMG) to monitor and coordinate the issues concerning major steel investments in the country related to infrastructure, raw material supply, environmental clearance and other resource constraints.

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NSK/DB

Deregulation of steel: government facilitation through a national policy and an inter-ministerial coordination mechanism. The Government treats steel as a deregulated sector with a facilitative role, promoting domestic industry growth via a National Steel Policy and an Inter-Ministerial Group to monitor and coordinate major steel investments, addressing infrastructure, raw material supply, environmental clearances and resource constraints.