Steel is a deregulated sector and the role of the Ministry is that of a facilitator. Decision regarding the increase of the installed capacity of steel and its utilization is taken by individual company (both private and public sector) based on techno-commercial considerations. However, the Government has taken the following steps to enhance steel production in the country:-
(i) Notification of Domestically Manufactured Iron & Steel Products (DMI&SP) Policy for promoting procurement of Made in India steel.
(ii) Notification of Steel Scrap Recycling Policy to enhance the availability of domestically generated scrap.
(iii) Issuance of Steel Quality Control Orders to stop manufacturing and import of non-standardized steel.
(iv) Steel Import Monitoring System (SIMS) for advanced registration of steel imports.
(v) Production-Linked Incentive (PLI) Scheme for Specialty Steel with an outlay of ₹6,322 crores.
(vi) Engagement with various stakeholders including industry associations and leaders of domestic steel industry to address their issues by the concerned Ministries/Departments of the Central Government and State Governments.
(vii) Engagement with relevant stakeholders including from Railways, Defence, Petroleum and Natural Gas, Housing, Civil Aviation, Road Transport and Highways, Agriculture and Rural Development sectors to enhance the steel usage and overall demand for steel in the country.
(viii) Establishment of Project Development Cell in the Ministry to attract and facilitate investment in the steel sector.
This information was given by the Union Minister for Steel Shri Ram Chandra Prasad Singh in a written reply in the Lok Sabha today.
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M.V./S.K.
(Release ID: 1776937)
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