Mar 23:There was a reduction in the production of steel during the initial months of FY 2021 mainly due to covid-19 pandemic induced disruption. However, this has been followed by a V-shaped recovery in production and the monthly production has since reached pre-Covid levels. In 2021-22, steel production is poised to be the highest. Details of the production of finished steel in India during the last five years and current year are given as follows:-
|Year||Finished Steel Production (in Million Ton)|
The government has laid special emphasis on infrastructure development through schemes like PM Gati Shakti Plan, National Infrastructure Pipeline (NIP), Housing for All, Jal Jeevan Mission, Bharatmala Project, Sagarmala Project, Construction of Dedicated Freight Corridor and UDAN, etc. The Ministry has also been engaging stakeholders from various sectors such as Housing & Construction, Infrastructure, Urban Development, Railways, Defence, Oil & Gas, Civil Aviation, Rural Development, Agriculture, Dairying and Food Processing, etc. with a view to promote usage of steel and to boost the demand in Construction / Infrastructure and Automobile 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.
****Disclaimer: We donot claim that the images used as part of the news published are always owned by us. From time to time, we use images sourced as part of news or any related images or representations. Kindly take a look at our image usage policy on how we select the image that are used as part of the news.