Business

 

Curtain Raiser : 3rd India Steel Expo 2017



18.03.2017 14:21:57 - The Minister of Steel Chaudhary Birender Singh addressed the media conference on the upcoming 3rd India Steel Expo 2017 International Exhibition and Conference to be held in Mumbai from 19th – 21st April 2017.

(live-PR.com) - Curtain Raiser : 3rd India Steel Expo 2017

March 17, 2017
The Minister of Steel Chaudhary Birender Singh addressed the media conference on the upcoming 3rd India Steel Expo 2017 International Exhibition and Conference to be held in Mumbai from 19th – 21st April 2017. The Secretary, Steel Dr. Aruna Sharma was also present on the occasion.The Stael exhibitions has

 

objectives which can progressive in the sector thus focus on Raw Material,Production,Logistics and demand. National Sttel Policy is coming which is in public domain and shall get Cabinet nod next motnh in which steps are taken to enhance the conception per unit to 160Kg. Quality and value added Steel is definitely on priority list of ministry to give impetus to exports and main attraction of this exhibition and seminar is to enhance consumption for which two regional conferences were held in Gangtok and Ludhiana and three more to follow. Two hundred delegates from more than seventy five countries shall be participating in this International exhibition of steel in Mumbai.The policies and regulation has kept the sector capacity utilization to 78% and same percent has achieved in surging exports.Reduction in Imports is at 39%. Minister added that Ministry is well aware of RD and innovation in this sector and thus stakeholders are being facilitated in this context.


On Mineral front report released is issued by the ministry is as follow:

The index of mineral production of mining and quarrying sector for the month of January (new Series 2004-05=100) 2017 at 146.1, was 5.3% higher as compared to January 2016. The cumulative growth for the period April- January 2016-17 over the corresponding period of previous year has been (+) 1.4 percent.

The total value of mineral production (excluding atomic & minor minerals) in the country during January 2017 was Rs. 22775 crore. The contribution of Coal was the highest at Rs. 9535 crore (42%). Next in the order of importance were: Petroleum (crude) Rs. 5591 crore, Iron ore Rs. 2657 crore, Natural gas (utilized) Rs. 2192 crore, Lignite Rs.901 crore and Limestone Rs. 587 crore. These six minerals together contributed about 94% of the total value of mineral production in January 2017.

Production level of important minerals in January 2017 were: Coal 652 lakh tonnes, Lignite 51 lakh tonnes, Natural gas (utilized) 2650 million cu. m., Petroleum (crude) 31 lakh tonnes, Bauxite 2248 thousand tonnes, Chromite 259 thousand tonnes, Copper conc. 13 thousand tonnes, Gold 139 kg., Iron ore 186 lakh tonnes, Lead conc. 28 thousand tonnes, Manganese ore 221 thousand tonnes, Zinc conc. 168 thousand tonnes, Apatite & Phosphorite 75 thousand tonnes, Limestone 269 lakh tonnes, Magnesite 22 thousand tonnes and Diamond 3670 carat.

The production of important minerals showing positive growth during January 2017 over January 2016 include: ‘Zinc conc.’ (87.0%), ‘Lead conc. (36.7%), ‘Gold’ (35.0%), ‘Diamond’ (31.8%), ‘Iron ore’ (26.5%), ‘Bauxite’ (22.4%), ‘Manganese ore’ (21.4%), ‘Lignite’ (19.1%), ‘Natural gas (utilized)’ (11.3%), ‘Copper conc.’ (8.8%), ‘Coal’ (3.7%) ‘Petroleum (crude)’ (1.3%) and ‘Magnesite’ (0.1%). The production of other important minerals showing negative growth are: ‘Chromite’ [(-) 17.2%], Apatite & Phosphorite’ [(-) 14.8%] and ‘Limestone’ [(-) 3.6%].


Contact information:
Sagar media Inc



Contact Person:
Naresh Sagar

Phone: 9810974027

Author:
Naresh Sagar
e-mail
Phone: 9810974027


 

Disclaimer: If you have any questions regarding information in this article please contact the author. Please do not contact Live-PR.com. We are not able to assist you. Live-PR.com disclaims content contained in this article. Live-PR.com is not authorized to give any information about content and not responsible for content posted by third party.
refer this article
Print This Article
Terms Of Use Privacy About Live-PR.com Contact Us