Steel minister to inaugurate SAIL's new Bihar unit on Monday

At present, Steel Authority of lndia Ltd (SAIL) manufactures steel pipes at the unit.

Centre to examine allegation of low quality steel: Minister

National Steel Policy 2017 is aimed at achieving 300 million tonnes steel production by 2030-31.

Proposed auto-grade steel plant, with a capacity of 1.5 MT per annum, which can be scaled up to 2.5 MT.

The minister pointed that India became second largest stainless steel producer in the world in 2016 leaving Japan behind.

SAIL and ArcelorMittal have inked pact to set up a Rs 5,000 crore auto-grade steel plant.

Govt expects country's steel-making capacity to rise over a third to around 160 million tonnes by mid-2018.