V Sponge Iron

V Hot Metal
V Pig Iron
V Crude Steel
V Finished Steel
„ BC -1856 AD - Steel Making originated in India and flourished.
1896 AD - Death of the Indigenous Industry
1912 -Birth of the Modern Steel Industry
1952-197 -(First Five Year Plan) -Iron & steel Industry brought
under Government control
197 -199 -Witnessed slowdown
1991-1992 -Iron & steel industry de-regulated.Large integrated
steel plants were set up in the Private Sector by Essar
Steel, Ispat Industries, Jindal Group etc. Tata Steel also
expanded its capacity
1996-97 -Performance of Industry fell below average.
2 2 -China Growth story spurred up demand
2 5 -National steel policy announced for the growth of a
self-reliant and globally competitive steel sector.
V TATA STEEL LTD.
V JSW STEEL LTD.
V JINDAL STEEL & POWER LTD.
V ESSAR STEEL LTD. (ESL)
V ISPAT INDUSTRIES LTD.
V BHUSHAN POWER & STEEL LTD.
V India is the 5th largest steel producer in the
world and the largest producer of sponge iron
V Contributes around 2% of the GDP
V Weight in the Index of Industrial Production
(IIP) is 6.2 per cent.
V Capacity control measures: Licensing of capacity,
reservation of large-scale capacity creation for the
public sector units.
V A dual-pricing system: Price and distribution
control for the integrated, large-scale producers in
both the private and public sectors, while the rest
of the industry operated in a free market.
V Quantitative restrictions and high tariff barriers
V Railway freight equalisation policy: To ensure
balanced regional industrial growth.
V Controls on imports of inputs, including
technology, capital goods and mobilisation of
finances and exports.
V Large-scale capacities were removed from the list of industries
reserved for the public sector. The licensing requirement for
additional capacities was also withdrawn subject to locational
restrictions.
V Private sector came to play a prominent role in the overall set-
up.
V Pricing and distribution control mechanisms were discontinued.
V The iron and steel industry was included in the high priority list
for foreign investment, implying automatic approval for foreign
equity participation up to 5 %,subject to the foreign exchange
and other stipulations governing such investments in general.
V Freight equalisation scheme was replaced by a system of freight
ceiling.
V Quantitative import restrictions were largely removed.
V Export restrictions were withdrawn.