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Govt to up steel demand in rural areas

To increase the demand of steel in rural areas and to boost steel consumption, the Union Minister of Steel, Beni Prasad Verma has been stressing on the need for setting up Steel Processing Units (SPUs). The effort aimed at bridging the disparity between the national consumption of 60 kg of steel per man per year and rural consumption of 10 kg per man per year.

India consumed 17.80 mn t steel during April-June: Govt

India had a steel stock of 1.824 million tonne after real consumption of 73.33 million toone by the end of 2012-13, said the Union Minister of Steel Beni Prasad Verma recently. By the end of last June this year, the country had a steel stock of 1.626 million tonne, he added.

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