Republic of India becomes second largest steel producer

[Hindustani78]

Ministry of Steel
17-July, 2017 17:44 IST
Disinvestment of Sail Plants

The Government has accorded ‘in-principle’ approval for strategic disinvestment of three units of Steel Authority of India Ltd. (SAIL) viz, Visveswaraya Iron and Steel Plant, Bhadravati, Salem Steel Plant, Tamil Nadu and Alloy Steel Plant, Durgapur. These three units of SAIL have been consistently making losses.


The details of the significant steps taken by SAIL to improve the financial performance of the three plants are as under:-


(i) Capital investment to improve the facilities;

(ii) Reduction in consumption level of raw materials;

(iii) Production optimization and product-mix improvement;

(iv) Improvement in techno-economic parameters;

(v) Waste management;

(vi) Strict control on demurrage expenses;

(vii) Reduction in inventory of finished/semi-finished products, stores & spares and raw materials, etc;

(viii) Reduction in logistic cost for transportation of Raw Materials and Finished Steel; and

(ix) Reduction in specific power and water consumption.


The entire process of the strategic disinvestment is to be carried out with the help of Transaction Adviser (TA), Legal Adviser (LA) and Asset Valuer (AV) who would advise on appropriate mechanism of disinvestment.


The Minister of State in the Ministry of Steel Shri Vishnu Deo Sai provided this information in reply to a question in Lok Sabha today.

Ministry of Steel
17-July, 2017 17:43 IST
Steel Production in the country

Data on crude steel production by India during the last three years i.e. 2014-15, 2015-16 and 2016-17 and April-May 2017-18 is given below:-



Year
Crude steel production (mt)
Annual Increase i.e. % change over last year (%)

2014-15
88.98
8.9

2015-16
89.79
0.9

2016-17*
97.44
8.5

April-May 2017*
16.44
4.8

Source: JPC; *Provisional; mt=million tonnes



Data on finished steel production by India during the last three years i.e. 2014-15, 2015-16 and 2016-17 and April-May, 2017-18 is given below:-



Year
Total Finished Steel Production
for sale (mt)
Annual Increase i.e. % change
over last year(%)

2014-15
92.16
5.1

2015-16
90.98
-1.3

2016-17*
100.74
10.7

April-May 2017*
17.48
6.4

Source: JPC; *Provisional; mt=million tonnes



Consumption of finished steel grew by 2.6% in 2016-17 whereas production grew by 8.5% over previous financial year. India was net exporter of steel in 2016-17 and thus production of finished steel was sufficient to meet its present demand in the country and also for exports.


Steel being a de-regulated sector, the role of Government is that of a facilitator only, which lays down the policy guidelines and establishes the institutional mechanism/structure for creating conducive environment for improving efficiency and performance of the steel sector. In this role, the Government has released the National Steel Policy 2017, which has laid down the broad roadmap for encouraging long-term growth for the Indian steel industry.


Quantity of finished steel exported during each of the said period – country wise is annexed herewith:
EXPORT OF TOTAL FINISHED STEEL ('000 tonnes) Annexure-I

Country
2014-15
2015-16
2016-17*
April-May 2017*

AUSTRALIA
49.29
29.38
35.65
5.59

BAHARIN
8.48
12.41
7.60
0.95

BANGLADESH
136.5
55.06
137.52
17.9

BELGIUM
198.39
287.42
1112.31
173.57

BRAZIL
42.95
11.98
42.93
11.35

CANADA
132.95
17.32
33.64
5.87

CHILE
9.51
18.35
11.8
0.56

CHINA
3.32
3.92
4.00
0.45

COLOMBIA
34.03
15.90
18.47
4.63

CONGO
3.83
3.25
1.39
0.1

DENMARK
9.69
8.90
5.63
1.08

DJIBOUTI
21.45
22.98
32.06
2.97

ECUADOR
31.99
16.78
42.77
5.49

EGYPT
9.82
17.30
11.93
20.67

ETHIOPIA
133.58
157.82
147.64
22.63

FINLAND
0.59
14.33
3.30
0.76

FRANCE
9.46
19.75
15.44
0.84

GERMANY
54.84
47.13
68.67
9.22

GHANA
39.25
41.24
47.52
6

GREECE
12.2
46.57
19.58
3.25

INDONESIA
83.87
118.33
233.77
54.34

IRAN
495.8
321.43
144.01
20.59

IRAQ
8.27
30.84
3.01
0.64

ISRAEL
5.47
6.66
7.31
1.27

ITALY
470.86
345.41
942.92
205.39

JAPAN
0.48
0.56
0.64
0.17

JORDAN
0.73
1.89
0.53
0.01

KENYA
61.28
45.65
30.55
3.74

KOREA
26.63
26.57
34.9
10.09

KUWAIT
12.83
28.16
36.66
2.24

MADAGASCAR
11.81
15.91
12.74
0.56

MALAYASIA
96.55
46.31
391.72
37.6

MALDIVES
4.32
9.17
15.26
1.56

MEXICO
45.29
52.66
169.53
37.69

MOROCCO
1.44
2.52
6.08
0.22

MYANMAR
29.48
18.49
68.99
10.67

NEPAL
236.35
310.54
464.73
59.16

NIGERIA
30.36
39.37
11.39
4.46

PERU
44.33
71.16
40.25
6.5

PHILIPPINES
6.08
7.20
14.45
0.88

POLAND
34.56
39.19
64.94
39.34

QATAR
11.55
9.03
17.78
4.74

ROMANIA
27.69
27.24
20.75
5.61

RUSSIA
27.85
20.56
23.45
5.64

SAUDI ARABIA
248.86
60.50
118.57
35.29

SOUTH AFRICA
36.89
19.60
56.94
5.2

SPAIN
180.41
155.44
440.06
103.08

SRI LANKA
138
100.51
140.15
27.25

SWEDEN
4.48
3.16
9.45
7.71

TAIWAN
129.46
12.90
70.67
18.27

TANZANIA
41.18
25.75
9.33
1.32

THAILAND
188.13
69.80
126.4
40.38

TURKEY
49.66
44.66
74.61
26.12

U.K.
64.56
39.34
172.92
22.5

UAE
606.05
315.93
674.44
106.71

UKRAINE
10.89
1.05
3.21
0.66

USA
501.29
295.63
273.58
76.15

VIETNAM
163.12
38.11
961.26
31.25

OTHERS
516.03
453.97
557.00
79.12

TOTAL
5595
4079
8245
1388

Source: JPC' *provisional



The Minister of State in the Ministry of Steel Shri Vishnu Deo Sai provided this information in reply to a question in Lok Sabha today.

 

[Hindustani78]

You should see a bit carefully

Finished steel coils waiting to be shipped at Essar Steel Algoma's plant in Sault Ste. Marie, Ontario, Canada. File Photo: N. Ramakrishnan

Ministry of Steel
19-July, 2017 13:37 IST
Union Steel Minister deliberates on strategic alternatives for raw material security and innovative usage of steel in construction during his Canada Visit

The Union Steel Minister Shri Birender Singh led a delegation comprising Senior officials from Ministry of Steel and its PSUs to Canada earlier this month.

The Minister had extensive interaction with the Natural Resource Minister, Government of Canada, Mr. James Carr. The issues discussed included the growth of steel industry in India and the strategic importance of Canadian coking coal for the Indian steelmakers, collaborations in the area of environmental friendly mining, coal beneficiation and R&D. Imports of Canadian coking coal by India are projected to increase in the future keeping pace with the increase in steelmaking capacity in India.

It is noteworthy that as per the production targets in National Steel Policy 2017, the coking coal requirement is projected to increase from the current level of around 60 million tons per annum to 160 million tons per annum. Although various measures are being taken to increase the supply of indigenous coking coal, India’s dependence on imported coking coal would continue. In such a scenario, multiple options for sourcing coking coal imports would lead to cost advantage and choice.

Another highlight of the visit was wide-ranging deliberations with representatives of Canadian Institute of Steel Construction (CISC). It is a unique institute, which proclaims itself to be Canada’s voice for the steel construction industry. Shri Birender Singh expressed keen interest in the working and structure of the institute with the objective of exploring the possibility of setting up a similar institute in India. The CISC promotes dialogue, collaboration and commerce between industry stakeholders – advancing the benefits of steel to the consulting community, builders and buyers, academia and government. The CISC represents a diverse community of steel manufacturers, fabricators and constructors, engineers and architects, owners and developers, and educators and students, offering a wide span of products and services to enhance capabilities and grow businesses.

The delegation held a joint meeting in Toronto, with various steel related Canadian institutions and industry representatives for deliberating on issues of mutual interest. The topics covered included efficient mining and logistics managements, enhancing steel intensity of the Indian economy, R&D in steelmaking and promotion of steel as a preferred material for construction. The conference was very well attended by the representatives from institutes, Canadian Steel Producers Association, Coal Association of Canada and representatives from leading Canadian industries like Teck Resources, ArcelorMittal, etc.

Earlier, the delegation visited a coking coalmine in the State of British Columbia and witnessed its operations. Canada annually exports about 30 million tonnes of coking coal out of which Indian steel companies purchase around 3 million tonne.

 

[Hindustani78]

Ministry of Finance
03-August, 2017 18:13 IST
Government disinvests 6.83% of equity in Hindustan Copper Limited: Likely to raise Rs 400 crore from this Offer for Sale (OFS).

The Government of India has disinvested 6.83% of paid up equity in Hindustan Copper Limited through Offer for Sale (OFS). The Government is likely to get approximately ₹ 400 crore from this disinvestment. The trading took place on 2nd and 3rd August 2017. The floor price was fixed at Rs 64.75 per share (Face value Rs 5/- each) and retail investors were offered discount of 5% on the cut off price for the Non-Retail Category.

The initial offer was for disinvestment of 4% paid-up capital, with an option to retain over-subscription up-to 4%. The trading for Non Retail portion opened on 2nd August, 2017. Against an offer size of 2.96 crore shares for the Non Retail Category, bids were received for 5.05 crore shares, resulting in over subscription by 1.71 times. As a result, the Government revised the total offer size to 6.83% of the paid-up capital.


The retail portion of HCL OFS also got good response from the retail investors and the revised offer size of 1.26 crore shares also got fully subscribed.

Overall, HCL OFS got good response from the investors. This is the 4th CPSE OFS in the Current Financial Year 2017-18. The Government’s shareholding in HCL after this OFS will come down to 76.05%.


************

 

[Hindustani78]

Ministry of Steel
04-August, 2017 17:55 IST
Chairman SAIL emphasises on matching operations with industry benchmarks during his Bokaro visit

Public Sector Steel Authority of India Limited (SAIL) Chairman, Shri. P.K. Singh today visited Bokaro Steel Plant and held a large group interaction (LGI) where he interacted with a cross section of more than 600 Plant employees. He apprised the employees about challenges in front of the Company and ways to mitigate the same. He articulated the expectation from Bokaro collective which has tremendous potential to maximise profits. Bokaro has excellent facilities and modernized mills including recently commissioned new state-of-the-art Cold Rolling Mill. Shri. Singh was accompanied by SAIL’s Director (Finance) Shri. Anil Chaudhary, Director (Technical) Shri. Raman and Director (Commercial) Ms. Soma Mondal and CEO, BSL, Shri Pawan Kumar Singh.

The interaction of SAIL’s top management with cross section of employees of various management levels was aimed at clearly conveying Company’s top priorities and identifying the main issues at Plant level. Company’s top management believes that such large group interactions (LGIs) create an open platform for employees to understand organization’s longterm vision, immediate goals and current challenges. And at the same time, paves the way for a two way communication at all levels bettering the performance. These initiatives are a part of SAIL’s efforts to accelerate Company’s transformation and improve overall performance at the earliest.

During interaction with the LGI, Chairman, SAIL, Shri. PK Singh told that, “In the current competitive environment, we have to put our best foot forward and operate at our rated capacities. We need to cut down on delays and finish any balance projects immediately. There should be no lapse or gaps in our performance as a small slip also will hurt the overall performance.” Stressing on the need to improve performance he said that, “SAIL has to improve across all verticals to match the industry benchmarks. SAIL’s operational performance is continually improving and the Company remained EBIDTA positive in all the four quarters of last financial year.”Attributing improvement in operational performance to the combined effort of every employee and across all functions, he said, “The teamwork spirit must be encouraged.” Discussing about future planning, he added that “there should proper grooming and training of young managers to facilitate proper succession planning.” Shri. Singh encouraged and welcomed the performance improving ideas presented by employees during the interaction and asked every employee to have faith in their capabilities and deliver the best for transforming the company.

 

[Hindustani78]

Dedication to the Nation-Doubling of Tinaighat-Londa-Shivthan & Banapur-Koppal of Hospet-tinaighat-Vasco Doubling.


● The Railway line passes through Bellary, Koppal, Gadag, Dharwad, Belgaum and Uttara Kannada districts of Karnataka State. Bellary-Hospet region in Karnataka is the heart of Iron ore industry in the country. Iron ore from this region is transported to Chennai and Goa ports for export.

● The doubling of railway track is also necessary to move imported coal from Marmagao Port to the Steel industries and upcoming Thermal Power Plants in Jevargi In Gulbarga District, Thermal Expansion Phase-2 in Bellary Dist. in North Karnataka.

● In this Project, 28.75 km doublings have been commissioned and being dedicated to Nation.

************

Ministry of Steel18-August, 2017 17:31 IST
“Transformation of SAIL has begun, let us all be part of it,” Says Chairman, SAIL to Rourkela Steel Plant collective

‘Product Differentiation is the key strategy to meet the competition”

Steel Authority of India Ltd. (SAIL) Chairman, Shri P.K. Singh visited SAIL’s Rourkela Steel Plant (RSP), on 18th August and interacted with a cross section of around 700 enthusiastic employees. Throwing light on the current scenario in the steel industry, Shri P. K. Singh said, “In the present circumstances, only the best in the class will survive. At a time of high overcapacities across the world, product differentiation is the requirement of the hour and we have to match the best in quality, variety and standards.” Shri Singh, exhorted the RSP collective that the transformation of SAIL has begun and “Let us all be part of it “. SAIL’s Director (Finance) Shri Anil Chaudhary, Director (Technical) Shri Raman and CEO, RSP Shri Ashwini Kumar were also part of the intensive interaction with the employees during the brainstorming session. Addressing the gathering, Chairman, SAIL, Shri PK Singh further said, “Rourkela has one of the best workforces in the industry where the ramping up after modernization was achieved in one of the shortest times. These interactions are aimed at enthusing the collective to exploit full potential of installed technologies and manpower. In the current challenging times, Company’s targets and priorities have to widely disseminate at all SAIL units.

SAIL’s Rourkela Steel Plant (RSP), which boasts of a 4300 mm wide state-of-the-art New Plate Mill, has carved a name for itself as a unique producer of special grades of steels. This mill has the potential to capture demand from niche segments and be the desired choice for top consumers. Stepping decisively in the direction of ‘Make in India,’ the Plant has teamed up with the Defence Metallurgical Research Laboratory (DMRL) and the Indian Navy to develop special grade DMR-249A steel plates for Indian Naval requirements. Also, the plant will meet the indigenous requirements of various sectors including manufacturing, power etc. and the construction sector. SAIL RSP’s New Plate Mill along with Special Plate Plant have created unique facilities for making of special grades steels for defence applications thereby increasing the capacity of quenched, tempered plates with desired ballistic qualities. The plant also aims at catering to niche markets as well as to reduce the import burden on Nation. Plates with newer specifications (like API 5L X-70 PSL-2 grade), cost effective and quality plates for the construction sector produced using TMCP (Thermo Mechanically Controlled Process) are featuring in the new product basket of SAIL and import substituting products aimed for defence sector are already under development. Besides, the New Plate Mill is rolling boiler quality plates of a thickness of 140 mm in the grade IS 2002 GR-II, which is again an import substitution product.

 

[Hindustani78]

KOLKATA, September 02, 2017 20:31 IST
Updated: September 02, 2017 20:43 IST
http://www.thehindu.com/business/sa...ucts-market/article19611282.ece?homepage=true

Renewed vigour: SAIL-ISP is targeting construction, bridges, infrastructure and engineering projects. | Photo Credit: Arunangsu Roy Chowdhury

Bets on increased steel demand and modernisation programmes at its units to boost share
Public sector Steel Authority of India Ltd., (SAIL) hopes to increase its market share in long products from 7% now to 10% by early next year, riding on the increased demand and its own modernisation and revamp programmes.

The 43.3-million tonne longs market is a products segment that caters mainly to the infrastructure and construction sector. It is dominated by secondary steel producers, but among the main producers, SAIL has the single-largest share.

The new units at the erstwhile Indian Iron and Steel Company (IISCO), now known as SAIL-IISCO Steel Plant, is expected to facilitate SAIL’s efforts to increase its market share. “The plant has the potential to capture newer market segments with its enriched products from the new mills”, SAIL chairman P.K. Singh said on a recent visit to ISP’s unit at Burnpur, West Bengal.

Slump had hit ramp-up

An erstwhile SAIL subsidiary, ISP merged with the parent in 2006. An ₹18,000 crore project was unveiled thereafter to replace the almost 100-year old plant. Capacity was increased from less than a million to 2.5 million tonnes per annum. However, the completion of the project in 2015 also coincided with a slump in demand in the steel sector.

The segments that SAIL-ISP is specifically targeting include construction, bridges, infrastructure and engineering projects.

The 0.5 million tonnes per annum wire rod mill at ISP is capable of producing quality wire rods for industrial uses, critical wire rope applications, medium carbon wires and special quality electrodes. The new universal structural mill at ISP, which enables better surface finish on materials and is used in construction, is also expected to give a fillip to SAIL. “This will strengthen SAIL’s structurals profile and enable the company to roll out economical products which will find wide applications,” a SAIL official said.

The Bhilai Steel Plant and the Durgapur Steel Plant, into which ₹19,500 crore capital has been pumped in for modernisation and in capacity augmentation, also produce long products such as long rails, wire rods, bars and structurals.

SAIL faces competition in long products from Tata Steel, JSW, JSPL and RINL the company said. Secondary steel producers (producers using the Electruc Arc Finance and Directe Reduction of Iron methods) have a 57% share of the longs market.

Demand uptick is seen from the government’s policies such as housing for all, improved road and rail connectivity, airport connectivity in Tier-II cities and infrastructure development projects. These are expected to translate into increased demand for steel.

A recent ICRA report said that domestic steel prices have taken a cue from buoyancy in international steel prices. Demand growth has been a moderate 4.4% between April and July, 2017. However, ICRA also said that the sector was not expected to come out of its stressed condition immediately.

 

[Hindustani78]

Officials said the three, working at a steel melting shop in the plant, suffered burn injuries when the temperature in its hot metal pot rose suddenly and generated flames that engulfed them.
india Updated: Sep 02, 2017 23:16 IST
Press Trust of India, Raigarh

A view of the Jindal Steel & Power Ltd plant in Raigarh.(jindalsteelpower.com)

http://www.hindustantimes.com/india...hhattisgarh/story-OlzpEGr4iGXpbdJ1dZL3WP.html


A technician was killed and two others were injured in a mishap at the Jindal Steel & Power Ltd plant in Raigarh in Chhattisgarh on Saturday, police officials said.

The three, working at a steel melting shop in the plant, suffered burn injuries when the temperature in its hot metal pot rose suddenly and generated flames that engulfed them, the officials said.

One of them, Dinesh Shah (34), a furnace technician, died, while the two others - Ganesh Lal Chauhan and Chakradhar Rathia (both aged 38) - were admitted to hospital here, they said.

The deceased person hailed from Gopalganj in Bihar. The injured were first taken to the district hospital from where they were shifted to Jindal Fortis Hospital, they said.

Police have launched a probe into the incident, the officials added.

 

[djsjs]

China is making huge effort to control and reduce the steel production, closing many factories every year.India is on the contrary.why not import more from China?

 

[Kal Muah]

China is making huge effort to control and reduce the steel production, closing many factories every year.India is on the contrary.why not import more from China?

Because that would mean loss of employment for India

 

[Hindustani78]

Ministry of Steel
06-September, 2017 15:34 IST
Ministry of Steel to take lead role in transforming & turning around Steel PSUs and bringing accountability and result-oriented approach in their working

There will be zero tolerance for laxity in performance says Steel Minister Shri Birender Singh
In his weekly review meeting with senior officials of Ministry of Steel in New Delhi on 5th September, the Union Minister of Steel Shri Birender Singh, tasked the Ministry officials to play active role in transforming and turning around Steel PSUs. Senior Ministry officials will be given responsibility of monitoring the performance of individual steel plants by on-ground visits and reviews, he added. These officials will check the progress of each plant in terms of achievements of the targets set out for them. It is noteworthy that Ministry of Steel had earlier constituted an Expert Committee, which has made recommendations for improving production and productivity of these plants. While outlining the agenda for the future, the Minister remarked that no laxity will be tolerated at any level, and there has to be accountability and a result-oriented approach built into the work culture of Ministry of Steel and the PSUs. He also directed the Ministry officials to work on instituting an award of “Plant of Excellence” for the best performing Plant among Steel PSUs, so that other Plants can get inspired to excel. The steel production target of 300 million tonnes set in the National Steel Policy-2017 will have to be broken down year-wise and exponential annual increase will have to be ensured for realistic achievement, the Minister added.

He appreciated the accomplishments in the past and stated that steel sector has much more potential which needs to be harnessed for the vision of “Make in Steel for Make in India.”

The Secretary Steel, Dr. Aruna Sharma, Joint Secretaries and other officials from Ministry of Steel attended the meeting.

 

[Hindustani78]

Ministry of Steel
06-September, 2017 15:34 IST
Ministry of Steel to take lead role in transforming & turning around Steel PSUs and bringing accountability and result-oriented approach in their working

There will be zero tolerance for laxity in performance says Steel Minister Shri Birender Singh
In his weekly review meeting with senior officials of Ministry of Steel in New Delhi on 5th September, the Union Minister of Steel Shri Birender Singh, tasked the Ministry officials to play active role in transforming and turning around Steel PSUs. Senior Ministry officials will be given responsibility of monitoring the performance of individual steel plants by on-ground visits and reviews, he added. These officials will check the progress of each plant in terms of achievements of the targets set out for them. It is noteworthy that Ministry of Steel had earlier constituted an Expert Committee, which has made recommendations for improving production and productivity of these plants. While outlining the agenda for the future, the Minister remarked that no laxity will be tolerated at any level, and there has to be accountability and a result-oriented approach built into the work culture of Ministry of Steel and the PSUs. He also directed the Ministry officials to work on instituting an award of “Plant of Excellence” for the best performing Plant among Steel PSUs, so that other Plants can get inspired to excel. The steel production target of 300 million tonnes set in the National Steel Policy-2017 will have to be broken down year-wise and exponential annual increase will have to be ensured for realistic achievement, the Minister added.

He appreciated the accomplishments in the past and stated that steel sector has much more potential which needs to be harnessed for the vision of “Make in Steel for Make in India.”

The Secretary Steel, Dr. Aruna Sharma, Joint Secretaries and other officials from Ministry of Steel attended the meeting.

 

[Hindustani78]

Ministry of Steel
14-September, 2017 17:20 IST
SAIL’s retail sales gets boost with SAIL’s Gaon ki Ore campaign

Steel Authority of India Ltd. (SAIL), is running a nation-wide campaign सेल स्टील – गाँव की ओर (SAIL steel – Gaon ki ore) which is aimed at boosting steel consumption in country. This has started to reflect positively through the dealer sales numbers, which recorded an 18% jump in the month of August 2017 over CPLY selling 91,000 tonnes of steel in the month. SAIL targets to sell 1 Million Tonnes steel through its dealer network this financial year and aims at doubling it in next three financial years, as per the directions from Steel Minister Shri Birender Singh to SAIL to go for smart marketing.

SAIL had identified the potential of rural markets for enhancing steel consumption which is currently around 10 kgs per capita per year as against around 150 Kg per capita consumption in Urban India.

The Gaon ki ore campaign is designed to familiarize end users at the Grass-root level, especially of rural areas, with innovative usage of SAIL steel and its applications and advantages in construction, household equipment, agriculture etc. Through engagement activities the audience are informed how using SAIL steel can increase durability, life, safety and longevity of any construction and product. SAIL’s product basket has branded products like SAIL TMT, SAIL Jyoti GP/GC sheets, Salem stainless utensils products in its basket which fit the rural requirements well and has popular acceptance.

Through this nation-wide campaign initiated at Nalbari, Assam, SAIL aims to cover more than 100 locations by the end of this year and within months of its inception around twenty workshops have already been conducted in various states. This new age marketing campaign strategically aims to develop a stronger link with consumers through direct engagement. All workshops of the campaign are designed to familiarize participants about SAIL’s production process, product range, applications and advantages and the interactive sessions are conducted in local language for easier connect with audience. SAIL Earth-Quake Resistant (EQR) TMT Rebars received special attention of the audience who were keen to know regarding the bendability of the EQR and its higher resistance to earthquakes.

Company’s recently held campaign at Mandi, Himachal Pradesh successfully involved a wide participation from locals and their families. Taking the buzz forward, SAIL organized another round in Palampur today, integrating it with an on-going exhibition on ‘Destination Himachal’ leveraging the crowd presence to raise awareness about steel consumption.

 

[Hindustani78]

Ministry of Steel
19-September, 2017 16:58 IST
Sixth India Minerals and Metals Forum focuses on Indian Steel Industry Roadmap upto 2025 and mining, production demand and delivery

The sixth India Minerals and Metals Forum organised by the Indian Chamber of Commerce (ICC) of Kolkata gets underway in New Delhi tomorrow. The Steel Minister Chaudhary Birender Singh will inaugurate it.

The discussion in the seminar focuses on Indian steel industry looking up to 2025; mining, production demand and delivery; Innovative applications for a future ready non- ferrous ecosystem; and Metals industry outlook– present challenges and future prospects. The Indian steel sector has grown rapidly over the past few years and presently it is the third largest steel producer globally, contributing to about 2% of the country's GDP. India has also crossed 100 MT mark for production for sale.

India is seen as a “bright spot” for the global steel production growth on account of the government’s push to augment capacity and demand from the construction, automotive and infrastructure sectors. The government has been spearheading growth in steel production capacity, with upgrades being made to existing steel manufacturing units and state-owned companies stepping in to build new steel plants.

The Cabinet approved the National steel policy 2017 that envisages Rs. 10 lakh crore investment to create more capacity in the steel sector. The development is significant as the steel sector is reeling under weak demand and rising raw material prices. The policy also aims at increasing supply of domestic coking coal to cut dependence on imports by half and production of 300 million tonnes by 2030.

The policy also emphasizes at increasing per capita steel consumption to 160 kg by 2030 and encouraging the industry to be a world leader on energy and raw material-efficient steel production in a safe and sustainable manner by maintaining quality standards for domestic steel products.

India's growing urban infrastructure and manufacturing sectors indicate that demand is likely to remain robust in years ahead.

Despite the current challenges, Indian steel industry still has significant potential for growth, underscored by the fact that the per capita steel consumption in the country at 61 kg is much lower than the global average of 208 kg.

However, in the non-ferrous segment, the non-ferrous metals industry (Aluminium, Copper, Zinc, Lead, Tin and Nickel) is looking for a level-playing field against the surge in imports due to inverse duty structure as well as dumping of cheap subsidized goods from China. The situation has been aggravated by India having the FTAs with ASEAN countries, which allows duty free imports of finished goods.

The Aluminium demand continued to remain strong following the steps taken by the government to boost the industrial production and infrastructure. The demand is also expected to rise following the focus on smart cities and improving prospects of business in construction industry.

Technology and innovation play an important role in achieving sustainable growth and impacting competitiveness. Today, mineral and metal industry across the globe is facing a serious economic crisis due to continuous fall in commodity prices, depleting raw material sources, non-availability of high-grade ores, stringent environmental rules and societal expectations. v To take the discussion forward, the Indian Chamber of Commerce (ICC) is organizing the sixth India Minerals and Metals Forum in New Delhi on 20 September 2017. On this occasion, Earnest & Young has prepared a knowledge document on the metals sector, which highlights the overview of the volatility in metals sector. The Chief Guest Chaudhary Birender Singh, Union Minister of Steel, Government of India, Shri Arun Kumar, Secretary Mines, Government of India and other dignitaries present during the Inaugural Session, will release the report.

 

[tw00tw00]

Ok, whatever India media says

The OP title says steel producer and the contents are saying stainless steel producer, very misleading.

Hindu dishonesty. Nothing special.

 

[Hindustani78]

The Secretary, Ministry of Mines, Shri Arun Kumar addressing at the sixth India Minerals & Metals Forum-Ferrous & Non-Ferrous, organised by the Indian Chamber of Commerce (ICC), in New Delhi on September 20, 2017.