Steel Ministry completes three Glorious Years of progress
SAIL AND ARCELOR MITTAL SET TO FORMALISE JOINT VENTURE FOR AUTOMOTIVE-GRADE STEEL PRODUCTION, SAYS BIRENDER SINGH
The Union Steel Minister, Chaudhary Birender Singh, addressed a Press conference in New Delhi on the achievements of the Steel Ministry in three Years of NDA Government. He said that the Indian steel industry is at the cusp of another significant milestone by becoming the second largest stainless steel producer in the world, leaving behind Japan.
Singh said that the steel sector is yet another example of all-round development in India under Prime Minister Narendra Modi’s leadership.”on May 3, the Cabinet under Prime Minister Modi approved two policies of the steel ministry and we are working on their implementation. We are very confident that the steel sector will become more vibrant and dynamic after the ‘National Steel Policy 2017’and ‘Policy for preference to domestically manufactured iron & steel products in government procurement’ become effective. The roadmap to implement the new policies will be finalised in six months to one year.
He described the steel industry’s last three years’ journey as:
Speaking of the SPU REVIVAL, he said that three Steel Processing Units — Jagdishpur in UP, Bettiah in Bihar and Kangra in Himachal Pradesh — are going to be operationalised within one year and involve an investment of Rs 500 crore. These units will make value-added products like crash barriers, black pipes, TMT bars and GC sheets. in May 2015 a Special Purpose Vehicle route was adopted by the Union Government for the creation of greenfield steel capacity. This process has been started in the four states of Chhattisgarh, Odisha, Jharkhand and Karnataka. Speaking about Zero Waste Production, the Steel Minister said that a 120-mw power plant was inaugurated in April 2017 at RINL Vishakhapatnam using waste gases of the steel plant. The huge fine dumps, waste slag, slime etc from steel plants need to be utilised by using innovative techniques for pelletisation of fines, slag-cement for slag towards a Clean & Green Steel Sector in India.
The Ministry of Steel and the UNDP have worked for energy conservation in 300 secondary steel units and plans are in place are to upscale to 1,000 secondary steel units. This would reduce CO2 emissions, roughly equivalent to taking all passenger cars off Delhi’s roads, Singh added. He said that the steel industry needs a paradigm shift and must move from semi-finished/ crude steel to value-added steel. This will lead to better margins and improve competitiveness. “We are hopeful that SAIL and Arcelor Mittal would soon formalise their Joint Venture for production of automotive grade steel. This will be a big step under the Prime Minister’s Make in India Programme” he added.
Enlisting new Schemes for Secondary Steel Producers in 2017-18, he said that the steel ministry will work on ranking of the Top 50 Secondary Steel/ Smart Producers and awards will ne given for best performing plants in the secondary steel sector, solely on the criterion of their products of BIS standards and cost effectiveness. The Minister also announced the institution of Best Steel Structures Awards in PMAY (Rural and Urban), building projects, and roads made with steel-reinforced cement concrete and other extraordinary structures using steel in abundance.
Singh added that the GST regime is good for the Steel Team as Goods & Services Tax rates and slabs for raw materials like iron ore, manganese, coal etc are in the 5 per cent bracket and semi-finished and unfinished goods are in the 18 per cent bracket. The steel industry will see a reduction in input cost with the GST. Minister of State for Steel Vishnu Deo Sai, Steel Secretary Dr Aruna Sharma and senior officials from the Ministry and steel PSUS were present on the occasion.
Pursuing a clear growth agenda, the Ministry of Steel has many firsts to its credit. In 2015, India became the world’s third largest producer of steel. Recent data show that India is now looking at positioning itself as the second largest.
UNION STEEL MINISTER CHAUDHARY BIRENDER SINGH ADDRESSING A PRESS CONFERENCE ON THE ACHIEVEMENTS OF THE MINISTRY DURING THREE YEARS OF NDA GOVERNMENT