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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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Conclave on Capital Goods in Steel Sector in Bhubaneswar 

Ministry of Steel is organising a Conclave on “Capital goods in Steel sector: Manufacture in India” in Bhubaneswar, Odisha, on 23rd October 2018. Briefing mediapersons in New Delhi, today Union Steel Minister, Chaudhary Birender Singh, said that this Conclave is an initiative of Ministry of Steel to promote domestic capacity and capability building and manufacturing of capital goods in the steel ...

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Sail’s Strategic Approach to Improve Operational Profitability helps Margins 

Chairman and Managing Director, SAIL Saraswati Prasad has said the persistent strategic approach to improve operational profitability assisted SAIL to improve the EBIDTA in FY’18 to Rs 5,184 Crore, a substantial increase over FY’17. He said this while addressing the shareholders of Steel Authority of India Ltd. (SAIL) on Company’s 46th Annual General Meeting held here today. He added that the improved operational ...

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Binoy Kumar Assumes Charge of Secretary in Steel Ministry 

  Binoy Kumar, has taken over as Secretary, Ministry of Steel, Government of India, here today. He had been posted as Officer on Special Duty in the Ministry since 21st May 2018. Prior to this, Binoy Kumar held the post of Special Secretary, Logistics, in the Department of Commerce, where he continued to hold additional charge till 31st July 2018. ...

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LIST  OF STEEL PLANTS( ODISHA )TEMPORARILY CLOSED/STOPPED PRODUCTION

LIST  OF STEEL PLANTS ODISHA TEMPORARILY CLOSED/STOPPED PRODUCTION     SL NO   COMPANY   DISTRICT   LOCATION Approved CAPACITY IN MTPA INSTALL CAPACITY IN MTPA   CLOSE w.e.f 1 ACTION ISPAT AND POWER(P)LTD. JHARSUGUDA PANDIRIIPATHAR AND MARAKUTA 0.80 0.25 01.10.2016 2 DEEPAK STEEL & POWER LIMITED KEONJHAR TOPDIHI,BARBIL 0.25 0.25 2013-14 3 JAIN STEEL & POWER LIMITED JHARSUGUDA DURIAGA ...

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6 more steel products brought under Quality Control order 

   In its commitment to ensure 100% quality regime in steel sector, Ministry of Steel has issued two Quality Control orders namely Steel and Steel Products (Quality Control) Order, 2018 and Stainless Steel Products (Quality Control) Order, 2018 vide Notification No S.O 2998 (E) and S.O. 2999 (E) respectively dated 20th June 2018.  As a result, 16 more steel products have been brought ...

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Anti-Dumping Duty on Steel 

A definitive anti-dumping duty in the range of 4.58% to 57.39%, of the landed value of goods has been imposed on imports of Cold Rolled Flat Products of Stainless Steel to give relief to domestic steel industriesfrom the People’s Republic of China, Republic of Korea, the European Union, South Africa, Chinese Taipei, Thailand and the United States of America, vide notification No. 61/2015-Customs (ADD) dated 11.12.2015. The anti-dumping duty under the aforesaid notification ...

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In JSPL Safety Comes First: Atul Misra

  “Jindal Steel & Power Ltd (JSPL) is committed for Zero Harm and collectively we can do it,” said Executive Director (I/C) and Unit Head Mr. Atul Misra, while addressing a huge gathering of employees, workers and contractors during observation of 47th National Safety Day at JSPL’s Angul Steel Plant. “The management is really thankful to all of you for ...

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STEEL: SUSTAINABLE GROWTH & MANAGEMENT OF ENVIRONMENT

While the Chinese steel sector is by far the largest in the world today, India is poised to occupy the next position in the near future. India now represents one of the fastest growing economies in the world and there has been a rapid growth of steel consumption and production. However, the strides on the steel manufacturing front need to ...

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