Steel Minister Congratulates Steel Industry on Achieving ‘World’s best Growth Rate’

The Union Minister of Steel, Shri Beni Prasad Verma today congratulated the Indian steel industry on being the number one in terms of growth rate in steel production amongst the top ten steel producing countries. During April – November’12, the Indian steel industry achieved a growth rate of 5.36% which was the highest in the world. During the said period China stood third with a growth rate of 3.36%. The World’s Average growth rate of steel was just 0.97% during this period.

Congratulating the Steel Industry he said, “I take pride in announcing that the growth rate achieved by India is five times the world average growth rate of steel. I congratulate the industry stakeholders on achieving this feat and sustaining this remarkable growth.” Further exhorting the industry to step up its performance Shri Verma said, “Today, India is the 4^thlargest steel producer in the world. It is my dream to see India become the second largest in the world. All the main and major Public and Private sector steel plants must gear up to achieve this goal in the coming years.”

The Steel Minister said this in the presence of the Secretary, Ministry of Steel, Shri D.R.S. Chaudhary, senior officers of the Steel Ministry and representatives of Indian Steel Industry. Also present on the occasion were Chairman, SAIL Shri C.S. Verma and other officials of major Public Sector Undertakings of the Ministry of Steel.