|Status of Capacity Utilisation of Steel Plant|
The Minister of Steel, Shri Beni Prasad Verma has said that the status of capacity utilization of crude steel in SAIL and RINL since 2009 is as given below:-
Figures in percent
The status of capacity utilization of private sector steel plants is not maintained by Ministry of Steel.
In a written reply in the Rajya Sabha today the Minister said, Steel is a deregulated sector, hence, no information is available about non-functional private sector steel plants. The detailed strategy regarding physical and financial matters of the steel projects are decided by the individual investors themselves on the basis of commercial prudence. The Government 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 related constraints. Public Sector Undertakings like Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) have already launched massive expansion/modernization programmes to augment steel production capacity and adopt modern technology which is energy efficient, cost effective and environment friendly.