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Steel Scrap Recycling Policy issued

Ministry of Steel has issued the Steel Scrap Recycling Policy. The policy aims to achieve the following objectives – ·  To promote circular economy in the steel sector. ·  To promote a formal and scientific collection, dismantling and processing activities for end of life products that are sources of recyclable (ferrous, non- ferrous and other non-metallic) scraps which will lead ...

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Shri Dharmendra Pradhan reviews performance of NMDC

Union Minister of Petroleum & Natural Gas and Steel Shri Dharmendra Pradhan visited the Corporate Office of NMDC Limited at Hyderabad today, and reviewed NMDC’s performance. The Minister met CMD, Directors and employees of the company. Shri Pradhan, during his interaction with the top management said, NMDC, being one of the largest mining companies in India, should focus on increasing ...

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Commerce and Industry Minister Launches Steel Import Monitoring System

Union Minister of Commerce & Industry and Railways, Piyush Goyal and Minister of State for Commerce & Industry, Hardeep Singh Purilaunched Steel Import Monitoring System (SIMS) in New Delhi The system has been developed in consultation with Ministry of Steelon the pattern of US Steel Import Monitoring and Analysis (SIMA) system. The SIMS will provide advance information about steel imports to Government ...

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Odisha to produce 100 MTPA steel by 2030 More than 50% value addition of the primary metal produced in Odisha

Prominent steel manufacturers met today at Bhubaneswar and interacted on the vision of achieving 100 MTPA capacity for steel production in Odisha. Addressing more than 60 steel manufacturing companies, Dibya Shanker  Mishra, Minister of Industries, Odisha mentioned that the state provides an unparalleled conducive ecosystem for the steel industries to expand their manufacturing facilities. He also stated that the State ...

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Steel Plants Operating under SAIL 

Steel Authority of India Limited (SAIL) has five Integrated Steel Plants viz. Bhilai Steel Plant (BSP), Durgapur Steel Plant (DSP), Rourkela Steel Plant (RSP), Bokaro Steel Plant (BSL) and IISCO Steel Plant (ISP) and three Special Steel Plants viz. Alloy Steels Plant (ASP), Salem Steel Plant (SSP) and Visvesvaraya Iron and Steel Plant (VISP). The Saleable Steel production of these ...

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CSR activities by CPSEs under Ministry of Steel 

As per the Companies Act, 2013, Central Public Sector Enterprises (CPSEs) under Ministry of Steel earmark at least 2% of the average net profits made during the three immediately preceding financial years for Corporate Social Responsibility (CSR) activities. Unspent balance for the previous year, if any, is carried forward to the next year for utilisation for the purpose for which ...

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Steel Plants 

The State-wise number and details of the Steel plants established by the Government and other enterprises in the country at present are given at Annexure. To promote a Steel SPV in the state of  Jharkhand, an MoU between Ministry of Steel, Government of Jharkhand and NMDC was signed on 28th June, 2015.  Owing to non-allocation of captive iron ore mining lease by ...

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Policy to Increase Export of Steel 

Export incentive schemes of Ministry of Commerce & Industry are aimed at incentivising merchandise exports including steel. Over the last three years, steel imports from China have come down from 2.163 Million MT to 1.562 Million MT.  This is a result of imposition of Antidumping and Countervailing measures on Chinese steel imports. Steel being a deregulated sector, specific decision on ...

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Steel Production and Export 

Export and import are dynamic situation which keep fluctuating based on factors like cost of raw material, exchange rate, domestic demand, international price of steel, inventory stocking/destocking, demand in global market and competitiveness. India’s exports declined by 23.1 percent to 0.598 million tonnes as shown under:   Total Finished Steel (alloy/stainless+ non-alloy) Export (mt) Year Qty %change over last year ...

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38 Moussigned at Bhubaneswar Steel Conclave 

Capital Goods(CG) producers from across the globeinked 38 MoUs with Indian steel companies which will reduce imports for the steel sector worthRs 39,400 crore.TheMoUs were signed at a Conclave in Bhubaneswar today which wasorganized by Ministry of Steel, Government of India, in association with Confederation of Indian Industry (CII) and MECON. The National Steel Policy – 2017 envisages creation of ...

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