Mandi Gobindgarh has several steel units in Induction Furnace (IF) and Electric Arc Furnace (EAF) which use scrap as one of the raw materials for steel making. There are 247 steel units in Fatehgarh Sahib district of Punjab of them there are 74 IF and 2 EAF units. There has been steady increase in production of crude steel from 1.91 Million Tonnes (MT) in 2021-22 to 2.55 MT in 2023-24.

Steel is a de-regulated sector and Government’s role is that of a facilitator which lays down the policy guidelines and establishes the institutional mechanism/structure for creating conducive environment for improving efficiency and performance of the steel sector. In this role, the Government has released the National Steel Policy 2017, which had laid down the broad roadmap for encouraging long term growth for the Indian steel industry, both on demand and supply sides, by 2030-31. The Government has also announced a policy for providing preference to domestically manufactured Iron & Steel products in Government procurement. This policy seeks to accomplish PM’s vision of ‘Make in India’ with objective of nation building and encourage domestic manufacturing and is applicable on all government tenders. The government has also approved a Production-linked Incentive (PLI) Scheme for Specialty Steel.

This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.

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