Team Blitz India
NEW DELHI: Union Minister for Steel and Civil Aviation Jyotiraditya Scindia on June 8 said that India has emerged as the second largest producer of crude steel in the world.
Addressing a press conference on the steel sector, Scindia said,“India currently ranks as the World’s 2nd Largest Producer of Crude Steel, surpassing Japan”.
Highlighting achievements of the government in the last 9 years, he mentioned that India stands as a net exporter of steel witnessing an export of 6.72 MT of finished steel against the import of 6.02 MT in 2022-23. The country was a net importer of steel in 2014-15 with 9.32 MT imports Vis-à-vis the export of 5.59 MT. He also mentioned the progress made by the steel sector from pre-2014-15 to 2022-23.
In the past 9 years (2014-15 to 2022-23), Steel companies like SAIL, NMDC, MOIL, KIOCL, MSTC, and MECON, used ₹90,273.88 crores of their own resources for CAPEX and paid a dividend to the Government of India to the tune of ₹21,204.18 crores
