The government criticized the Steel Authority of India Ltd. for slow growth in its expansion plans. It has decided to review its work on regular basis for timely completion of ongoing and new projects. SAIL has to increase its steel production capacity to 26 million tons by the financial year 2010.
Union Steel Minister Ram Vilas Paswan reviewed the progress of various expansion projects of SAIL worth Rs 54,000 crore. He added, "I am not satisfied with the pace of SAIL's brown-field expansions and have asked the steel secretary to ensure that the PSU completes the envisaged projects in a time bound manner."
India's largest steel maker Tata Steel is forced to extend the deadline for commissioning the first phase of its steel plant in Vietnam. The project has been delayed due to the problems with land acquisitions in the special economic zone where large number of companies are setting up their projects.
It has been announced by the Mahindra Ugine Steel Company that it has decided to align the company's production plans with the expected demand due to the ongoing economic slow down in the steel as well as the automotive industry and taking into account the slowdown in demand for the company's products.
British steel maker Corus, formerly known as British Steel, is to be merged by 
The government’s move to across-the-board cut of 4% in the ad valorem Cenvat rate, which will be effected for the balance part of the current fiscal on all products other than petroleum, is surely going to benefit the construction grade steel like TMT and structural steels, made by Steel Authority of India Ltd, Rashtriya Ispat Nigam Ltd and Tata Steel. 
Tata Steel, India’s leading steel maker has introduced an early separation scheme for its employees in its Jamshedpur plant in Jharkhand to downsize its ‘less skilled’ workforce. Tata Steel spokesperson said, "ESS scheme is a voluntary scheme and has got nothing to do with the global economic recession. We cannot ascertain the number of people who will be opting for this option. In view of investment in better and modern technology to increase productivity level, more skilled and fewer people are required."
