STEPS TO LOWER PRODUCTION COST
OF STEEL
Some
of the major countries where the cost of production of finished
steel (flat steel) is lower than the cost of production of steel
in India are Brazil, China, the CIS countries, South Korea, Australia
and U.K.
There is possibility
of lowering the cost of production of steel in India by pursuing
the measures like technological upgradation of steel plants, reducing
cost of processing and improving productivity through intensive
R&D efforts. Besides, optimal use of raw materials including
labour, reducing energy consumption at all levels and thereby
improving efficiency in overall operation and tackling infrastrucutre
bottlenecks through larger investments in creation of physical
infrastructure like upgradation/modernisation of roads, rail and
ports will go along way in lowering costs.
This information
was given by the Minister for Steel, Shri Braja Kishore Tripathy
in a written reply in the Rajya Sabha today.
