STEEL CONSUMPTION UP 3.1 PER CENT
LOK SABHA
The consumption of finished steel
in the country was 27.3 million tones in 2001-02 that shows a
growth of 3.1 per cent compared to the consumption of previous
year’s level of 26.5 million tonnes. In April-July, 2002, the
consumption has registered a growth of 8 per cent as compared
to the corresponding period last year. However, there is no shortage
in supply as production has been able to keep pace with demand.
Keeping the market conditions in
view, Government have taken several steps to raise the demand/consumption
level in the country, which includes: constitution of a National
Campaign Committee to promote steel demand/consumption through
developments of markets specially in the rural areas; encourage
use of steel in new application areas such as grain storage systems,
crash barriers in highways and expressways and providing financial
support to R&D ventures in Iron and Steel Sector to reduce
production cost.
This information was given by the
Ministry of Steel, Shri B.K. Tripathy in a written reply in Lok
Sabha today.
