Production of 100 Million Tonnes of Steel per year and 50% of its value addition in Odisha by the year 2030 calls for a comprehensive action plan Govt of India contemplates to produce 300 Million Tonnes of steel in India by 2030. This will help achieving an economy of 5 trillion US dollars from the present 2.75 trillion US dollars. ...

Details of country-wise import and export of finished steel during last three years and current year i.e., April-January, 2020-21 (prov.) are placed at Annexure-I & Annexure-II respectively. Details of state wise details of crude steel production during last three years and the current year i.e., April-January, 2020-21 (prov.) are placed at Annexure-III. Annexure-I     IMPORT OF FINISHED STEEL (‘000 tonnes)   Country 2017-18 ...

National Steel Policy enshrines the long term vision of the government to give impetus to the steel sector.  The policy envisages to create a technologically advanced and globally competitive steel industry that promotes self-sufficiency in steel production as well as economic growth. Steel being a de-regulated sector, government acts a facilitator, by creating enabling environment for development of steel sector.  ...

There are two steel manufacturing Public Sector Undertakings (PSUs) under the administrative control of Ministry of Steel, namely, Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL).  The revenue generated by SAIL and RINL during the last five years is given at Annexure-I. The steel industry witnessed severe downturn globally with demand slowdown, overcapacity, cheaper imports, variations in ...

Minister of Steel and PNG Shri Dharmendra Pradhan has extended his congratulations to steel major ArcelorMittal-Nippon Steel India and Odisha Government for signing an MoU on 4th March, 2021 for setting up a 12 MT integrated steel plant in Kendrapada district of Odisha with an investment of ₹ 50000 crore. “This mega steel plant in Kendrapada will bring a new ...

The Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan today said that metals and mining sector can play an important role in the making of an Aatmanirbhar Bharat. Speaking at the 58th National Metallurgists Day and at the 74th Annual Technical Meeting of the Indian Institute of Metals(IIM), he said that  this is a vibrant and growing sector, and ...

The announcements in Budget for the Financial Year, 2021-22 viz. Capex allotment of  Rs. 1,07,100 crore for Railways, 2.87 lakh crore outlay for Jal Jeevan Mission, Construction of roads under Bharatmala Pariyojana project, Swachh Bharat Mission 2.0, Scheme for Mega Textile Parks etc. will lead to increased demand for steel in the country. The Vision for Atmanirbhar Bharat and the ...

Ministry of Steel in association with Confederation of Indian Industry (CII) is organizing a Webinar on ‘Aatmanirbhar Bharat: Fostering Steel Usage in Rural Economy, Agriculture,Rural Development, Dairying and Food Processing’ on 20th October 2020. Sh. Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Steel will be the Guest of Honour at the webinar. Sh. Narendra Singh Tomar, Minister of ...

The Minister of Steel & Petroleum and Natural Gas Shri Dharmendra Pradhan has appealed to Steel industry leaders to work with transparent policies and generate employment opportunities to strengthen the country in making Atmanirbhar. He further stated that with a bouquet of policy reforms, government aims to provide a level-playing field to the industries for wealth creation. Well-laid processes and policy ...

Government has taken following steps to facilitate the reduction of Steel imports,:- (i)         Steel Import Monitoring System (SIMS) for advance registration of steel imports. The objective is to help the Government and industry to identify the exact steel grades being imported into the country in order to plan domestic manufacturing, besides advance information about any surge in imports. (ii)   Issuance ...