Domestic steel production to reach 110 MT per annum by 2019-20: Beni Prasad Verma

NEW DELHI: The domestic steel production is expected to be 110 million tonnes (MT) per annum by 2019-20, as expressed by Beni Prasad Verma, the Minister of Steel.

During fiscal 2011-12, country's total production of iron ore was approximately 169.66 million tonnes as against the total estimated consumption of close to 116.3 million tonnes by the domestic iron and steel industry, the minister said in a written reply in the Rajya Sabha.

Around 190 million tonnes of iron ore will be required to support production of 110 million tonnes of steel by the 2019-20, as per the National SteelPolicy 2005.