Union Steel Minister Dharmendra Pradhan on Wednesday called for reducing imports of finished steel goods.
He urged the industry to leverage technology and resources available in the country. “We are the second largest producer of steel in the world, (but) for our own consumption we have to import finished goods,” Pradhan said while addressing the ‘Virtual National Mining Summit 2020’, organised by industry body PHD Chamber.
He said sufficient raw materials are available in the country, while the technology to produce various steel products is already available. “...Today even many MSMEs are importing their raw material, be it scrap or low grade metals. The import cost is cheap compared toproducing them in the country. We will work to address this issue also,” he added.