As India prepares to host Bharat Steel 2026, a global platform to reshape future of steel, the nation is signalling its intent to showcase the next era of global steelmaking forged by R&D, digitalization, innovation, and access to high skilled engineering and technology human resources. The two-day summit in New Delhi will bring together policymakers, technology pioneers and industry leaders ...

In order to preserve the interests of stakeholders and ensure steady market availability of critical steel products as domestic production capacities scale up in line with national self-reliance objectives, the Ministry of Steel has reviewed the concerns submitted by industry participants. Consequent to this review, the Ministry has approved extension of certain exemptions, which are detailed below for the information ...

In order to streamline the regulatory framework governing steel imports and to facilitate ease of doing business, the Ministry of Steel has undertaken a review of the existing import-related requirements. Based on this review, the following procedural clarifications are hereby issued. Import of Steel Grades Not Covered Under Quality Control Orders The Ministry has also reviewed the requirement introduced vide ...

Steel Authority of India Limited (SAIL), a Maharatna and India’s largest public sector steel producer, signed a Memorandum of Understanding (MoU) with John Cockerill India Limited (JCIL), the Indian arm of the global John Cockerill Group in Mumbai. This MoU aims to leverage the combined strengths of the two companies, including cutting-edge technologies, extensive industry expertise and a shared vision ...

The combined Index of Eight Core Industries (ICI) increased by 5.2 per cent (provisional) in March, 2024 as compared to the Index in March, 2023. The production of Cement, Coal, Electricity, Natural Gas, Steel and Crude Oil recorded positive growth in March 2024. The details of annual and monthly indices and growth rates are provided at Annex I and Annex II respectively. ...

Union Minister for Steel and Civil Aviation, Sh. Jyotiraditya M. Scindia, today (4 March, 2024) virtually inaugurated India’s 1st Green Hydrogen Plant in Stainless Steel Sector located at Jindal Stainless Limited, Hisar. The inauguration also witnessed the presence of Secretary, Ministry of Steel Sh. Nagendra Nath Sinha, Managing Director (Jindal Stainless Limited), Sh. Abhyuday Jindal, Founder, Hygenco Sh. Amit Bansal,  and other officials ...

Steel being a de-regulated sector, the Government acts as a facilitator, by creating enabling environment for development of the sector.  National Steel Policy, 2017 has mission to provide environment for attaining “self sufficiency” in steel production by providing policy support and guidance to steel producers. Further, the action taken includes the following:- i. A Project Development Cell (PDC) has been ...

Production Linked Incentive (PLI) Scheme for Specialty Steel was approved by Union Cabinet on 22.07.2021, with a five-year financial outlay of Rs. 6322 Crore to promote the manufacturing of ‘Specialty Steel’ within the country by attracting capital investment, generate employment and promote technology up-gradation in the steel sector. The Scheme was Notified in the official Gazette on 29.7.2021 and detailed ...

Steel being a de – regulated sector, the Government acts as a facilitator, by creating enabling environment for development of the sector. National Steel Policy, 2017 has mission to provide environment for attaining “self sufficiency” in steel production by providing policy support and guidance to steel producers. Further, the action taken includes the following:- A Project Development Cell (PDC) has ...

The rapid urbanization is likely to increase demand of steel and metals in the country.  The production of Finished Steel in year 2020-21 was 96.20 million tonnes (MT) as compared to production of 102.62 MT in year 2019-20.  The details of production and demand of Finished Steel in last two years are as under:- Quantity in million tonnes Item 2019-20 ...