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Steel industries growing faster, says Addl Secy

15 December 2010

JAMSHEDPUR: The steel industry in India was growing faster than our economic growth, a senior Steel ministry official said here on Wednesday.
The steel industries are growing at the rate of around 9-10 per cent while our economic growth rate is around 8-9 per cent, Additional Secretary in the Union Ministry of Steel , S Machendranath said here today while inaugurating a three-day International Seminar on “Mineral Processing Technology(MTP-2010) at National Metallurgical Laboratory (NML).

He said the country, which currently ranked fourth in steel production had produced 69 million tonne of steel against targeted capacity of 73 million tonne this year and it would likely to go up in the third quarter.

The country has set target to produce 100 million tonne of steel by 2012-13 and 200 million tones by 2020, Machendranath said emphasizing the need to develop technology to improve the quality of minerals including iron-ore and coal as import cost has been rising……

Source: http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/steel/Steel-industries-growing-faster-says-Addl-Secy/articleshow/7104710.cms

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Written by csirindia

December 16, 2010 at 7:40 pm

Posted in NML

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