Government of the United Progressive Alliance, Report to the People 2010-11 Steel

The output of crude steel was 68.32 million tonnes during 2010. Capacity for crude steel production expanded from 72.76 million tones per annum mtpa in 2009-10 to 78 mtpa in 2010-11.

Public sector steel companies performed well during the year. Their combined profit after tax was Rs. 8605 crore during the period April-December 2010.

The process of drafting a new National Steel Policy has been initiated. A five year strategy paper has been prepared for promotion of the steel sector. A policy paper on research & development has also been prepared with special focus on beneficiation, coal ash reduction and promotion of high grade value added steel in the country.

To enhance the productivity, efficiency and competitiveness of the steel sector, a number of innovative R&D proposals and research projects were approved at a cost of Rs. 442 crore.

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NSK/DB