For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

New national steel policy to be finalized soon: Steel Minister

By Religare
|
New national steel policy to be finalized soon
The Union Steel Minister Beni Prasad Verma on Friday said that government is finalizing a new National Steel policy (NSP) focusing on infrastructure development, securitization of raw-materials and human resource development for growth of steel industry.
 

"Need for utilization of lean ore, improving product mix, better logistics are some of the key areas", said Beni Prasad Verma while inaugurating an ASSOCHAM 7th India Steel Summit "Realizing 300 MT - Challenges ahead".

Verma said Indian steel makers need to enlarge their product baskets, keeping in view the changing requirements of customers. He said that companies need to spend more in R&D to unlock the potential in domestic steel making industry.

"Despite having large iron ore deposits, we are not able to utilize the low grade fines due to lack of suitable technology. So, need to adopt suitable technologies like pelletisation to utilize these fines for steel production," he said.

Dion Global Solutions Ltd.

Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more