Union Steel Minister Beni Prasad Verma informed that capacity of steel production in the country has risen from 66 million tonne (mn t) in 2009 to about 90 mn t in 2012, which is a 36 per cent growth.
He said this during a meeting of the Parliamentary Consultative Committee attached to his ministry. Steel output in the country expanded 4.3 per cent in 2012, he informed members of the committee.
During the meeting, the members discussed the functioning of Steel Authority of India (SAIL).
The minister said India continues to hold the fourth rank in global crude steel production for past three years and per capita steel consumption in the country has risen to 60 kg in 2011-12.
The committee also discussed the conservation of raw material resources in the country and the measures taken by the government in this regard.
The minister also informed the members about global and domestic steel scenario besides discussing the marketing initiatives and modernisation and expansion plan of SAIL.
Some of the members complimented SAIL on its working, while some expressed concern over the progress of expansion plan and profitability of the company, an official press release said.
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