Steel Industry
As per the National Steel Policy 2005, the Government encourages adoption of technologies, which:
• Have synergy with the natural resource endowments of the country.
• Are conducive to production of high-end and special steel required for sophisticated industrial and scientific applications.
• Minimize damage to the environment at various stages of steel making and mining.
• Optimize resource utilization.
• Facilitate modernization of the steel industry so as to achieve global standards of productivity and efficiency.
• Development of front end and strategic steel based materials.
Various qualitative changes in the form of modern technology, better resource optimization, benefication of raw materials etc. are being adopted by the steel investors in their modernization and expansion programmes as well as in new steel plants. Some of these are COREX process of steel making by use of semi-coking/non-coking coal, conversion of iron ore fines and slimes into iron ore pellets and Hot Briqueted Iron (HBI) and installation of large capacity blast furnaces. However, the type of technology, size of plant and the process of steel making is decided by the individual investors on the techno-commercial considerations and government has no direct role in technology upgradation processes of steel companies
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