Raw material security, enhancing steel consumption thrust areas for steel industry: Steel Minister

Bhubaneswar: Indian steel sector has evolved as 3rd largest steel producer in world and is poised to become 2nd largest producer putting Indian steel prominently on the map of the global industry, said Union Minister of Steel, Chaudhary Birender Singh during the second meeting of the recently constituted National Steel Consumers’ Council of Ministry of Steel here on Friday.
“Owing to the significance of the sector and dynamic scenario in steel sector, the Central Government came up with National Steel Policy (NSP) 2017,” the Union Minister said.
Outlining the thrust areas of NSP, he said the policy would focus on ensuring raw material security, import substitution, enhancing steel consumption, R&D of value added steel, increasing energy efficiency
and sustainability, establishing India as cost-effective and quality steel destination, and reducing Car