Ques: Which one of the following is correct for the production of crude steel in the world to India –
(a) 3rd Position
(b) 2nd Position
(c) 1st position
(d) 4th Position
Ans: (a)
Related facts:
- December 16, 2015 Year end review-2015 has been released by Ministry of Steel.
- Expansion of Rourkela Steel Plant of SAIL on April 1, 2015. The expansion of Rourkela Steel plant has resulted in addition of about 2.5 million tonnes of crude steel capacity.
- Steel Research and Technology Mission of India (SRTMI) being established to spearhead R&D activities of national importance in collaboration with steel industry with an initial corpus of Rs.200 crore. Memorandum of Agreement (MoA) has been signed on 06th April, 2015.
- India is currently the 3rd largest producer of crude steel in the world.
- India continues to maintain its lead position as the world’s largest producer of Direct Reduced Iron (DRI) or Sponge Iron.
- The steel sector contributes nearly 2% of the country’s GDP and employs over 6 lakh people.
- The per capita consumption of total finished steel in the country has risen from 54.9 kg in 2010-11 to 60.8 kg in 2014-15.
- Capacity for crude steel production expanded from 80.36 million tonnes per annum (mtpa) in 2010-11 to 109.85 mtpa in 2014-15.
- Crude steel production grew at 6.2% annually (CAGR) from 70.67 mtpa in 2010-11 to 88.98 mtpa in 2014-15.
- Production for sale of total finished steel (alloy + non-alloy) stood at 92.16 million tonnes during 2014-15, as against 68.62 million tonnes in 2010-11, an average annual (CAGR) growth of 8.7%.
- Real consumption of total finished steel (alloy + non-alloy) has grown at a CAGR of 5.3% during the last five years.
- Domestic real consumption of total finished steel (alloy + non-alloy) was at 76.99 million tonnes in 2014-15 and increased by 3.9% on a year-on-year basis (i.e. over 2013-14).
- Export of total finished steel (alloy + non-alloy) during 2014-15 stood at 5.59 million tonnes while import of total finished steel (alloy + non-alloy) during the same year stood at 9.32 million tonnes.
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