New Delhi/IBNS: India’s total crude steel production capacity in 2020-21 stood at 143.91 million tonnes, Union Steel Minister Ram Chandra Prasad said on Monday Singh to Rajya Sabha.

In the year 2020-2021, the imports of finished steel amounted to 4.75 tons while the consumption was 94.89 tons and the share of imports in the consumption was 5%, according to the data. shared by the Ministry of Steel.

India is the second largest steel producer in the world and is a net exporter while some types of steel are also imported.

The government has taken various measures to increase steel production in the country.

These are: Domestic Made Iron Notification &. Steel Products Policy (DMI&SP) for the promotion of Made in India Steel Sourcing; Notification of the scrap steel recycling policy to improve the availability of domestically produced scrap; Issuance of steel quality control orders to stop the manufacture and import of unstandardized steel; Steel Import Monitoring System (SIMS) for pre-registration of steel imports; Production Linked Incentive Scheme (PLI) for Special Steel with an expenditure of Rs 6,322 crore; Creation of a project development unit within the ministry to attract and facilitate investment in the steel sector.