India, Feb. 4 -- The Government of India issued the following news release:
Mandi Gobindgarh has several steel units in Induction Furnace (IF) and Electric Arc Furnace (EAF) which use scrap as one of the raw materials for steel making. There are 247 steel units in Fatehgarh Sahib district of Punjab of them there are 74 IF and 2 EAF units. There has been steady increase in production of crude steel from 1.91 Million Tonnes (MT) in 2021-22 to 2.55 MT in 2023-24.
Steel is a de-regulated sector and Government's role is that of a facilitator which lays down the policy guidelines and establishes the institutional mechanism/structure for creating conducive environment for improving efficiency and performance of the steel sector. In this role, th...