India’s April-Nov steel demand up 8.1%: minister

India’s April-Nov steel demand up 8.1%: minister
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First Published: Thu, Dec 10 2009. 03 56 PM IST
Updated: Thu, Dec 10 2009. 03 56 PM IST
Mumbai: India’s steel demand during April to November expanded by 8.1% while production growth lagged at 3%, the junior steel minister said on Thursday.
“Considering that the steel demand in India is likely to grow in the future, the government is facilitating setting up of new steel production capacities,” A. Sai Prathap told the lower house of parliament in a written reply to a question.
State-run Steel Authority of India Ltd, the largest domestic steel producer, will raise its crude steel capacity to 23.46 million tonnes per annum by 2012-13 from 13.82 million tonnes now, the government said in a statement.
Rashtriya Ispat Nigam Ltd, also run by the government, will push its liquid steel capacity to 6.3 million tonnes per annum by 2011-12 from 3 million tonnes currently, it said. India’s total steel production in 2008-09 was more than 56 million tonnes, marginally higher than the previous year, government data showed.
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First Published: Thu, Dec 10 2009. 03 56 PM IST