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New Delhi : Steel Industry is a de-regulated sector. Indian steel companies take their own decisions based on commercial and market dynamics. The Government has brought National Steel Policy (NSP), 2017, Domestically Manufactured Iron & Steel Products (DMI&SP) Policy, Steel Scrap Policy, and encouraged domestic steel usage in Government procurement.
Quality Control Orders have been notified towards prevention of unfair trade practices. During the year 2018-2019, the total steel import constituted 7.9% of total demand of finished steel in the country. This Information was given by Union Steel Minister Dharmendra Pradhan in a written reply in the Rajya Sabha on December 4, 2019, according to a PIB release.
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