With reference to the steel industry in India in the recent times, consider the following statements: 1. Vizag Steel Plant (RINL) has been declared Mini Ratna. 2. Merger of IISO with SAIL has been completed. Which of the statements given above is/are correct?

1. Statement 1 is correct. Vizag Steel Plant, also known as Rashtriya Ispat Nigam Limited (RINL), located in Visakhapatnam, was granted the status of 'Mini Ratna' Category-I by the Government of India in November 2006. This status provides certain operational and financial autonomy. 2. Statement 2 is correct. The Indian Iron and Steel Company (IISCO), located in Burnpur, West Bengal, was merged with the Steel Authority of India Limited (SAIL) in 2006, becoming a fully integrated unit of SAIL.