Paswan appeals to steel makers to complete projects

New Delhi, Feb 18 (ANI): Steel Chemicals and Fertilizers Minister Ram Vilas Paswan today appealed to all steel makers to complete their ongoing and planned projects as per schedule so that they are ready to reap maximum benefit of the upturn in demand that will follow the current economic slowdown.

Speaking at the 2nd Summit on 'Mining to Steel Making' organized by the Indian Chamber of Commerce here, Paswan said the Indian steel industry backed by a resurgent Indian economy will grow from strength to strength.

the country has natural resources, the skill base, technological acumen and the financial capability to make steel industry a centre-piece of Indian economic achievements," he added.

He further said that just as India's growth in the recent years has been largely driven by domestic factors, its steel sector has also grown on the back of a growing domestic market for steel backed by natural resource endowments on the supply side.

The steel producers should be mindful of using their raw materials judiciously and exercise extreme economy in use. All technology must be used to the fullest extent to optimize consumption of raw materials in line with global bench marks of efficiency, " he added.

He said, our supply side advantages are indeed very strong and we should not fritter away our finite resources. (ANI)