Question : EXPORT OF IRON ORE



(a) whether the export of iron ore has increased during the last three decades;

(b) if so, whether increased export of iron ore has resulted in increase in the import of steel;

(c) if so, the details during each of the last three years; and

(d) the steps proposed to be taken for allocation of mineral resources to indigenous steel manufacturers to curb large scale import of steel?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF MINES (DR. T. SUBBARAMI REDDY)

(a): Yes, Sir.

(b): No, Sir.

(c): Does not arise in view of (b) above.

(d): Import of steel is guided by the Export-Import Policy notified by the Ministry of Commerce and Industry from time to time. The country has sufficient resources of iron-ore. State Governments grant mineral concession including concession for iron ore, as per the provisions of Mines and Minerals (Development and Regulation) Act, 1957 and Rules framed thereunder.